Weekly Market Outlook 05/10/2026
Hello all,
Wishing a very happy Mother’s day to all the amazing moms around the world and hope you all have a joyous weekend(yes, you can sleep in today and no, the world won’t end if you take some time off :) ).
The S&P logded a new all time high this past week and so did Nasdaq.
Markets have been chugging along nicely since the Middle East conflict is fading into background and bumper tech earnings are driving the market higher.
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CPU, MEMORY AND STORAGE
Last week was one for the ages for CPU, Memory and Storage stocks
SANDISK closed the week 47% higher than where it started, with its YTD gain now at 539% or so.
INTEL went up 34% this week and is up 234% YTD.
This sneak preview might boost Intel even more in the short term.
We closed our AI and Optical stocks a couple weeks ago and now
are slightly regretting the decision. Just slightly as the newsletter is no longer bullish on Semiconductors in the short term. I will be looking for a pullback of about 20-25% on AMD to re-enter the position. I would leave SNDK, INTC and the rest alone and not play the game to time the so called top on them however I do not find the reward profile attractive in going long these names at this moment.
