Memory Stocks and My Next Big Trade 🚀

rockets. Absolute rockets. Money soaring rockets. That's what we've gotten in the memory trade. In addition to that, Meta, which I told you guys was going to test the top of the range, has had a massive huge move. Now, I've got a lot to cover with you guys. I'm going to talk about the memory trade and uh I'm going to tell you right at the start that the easy money is now behind us. charts get a bit more complicated because we're pushing in towards the top of the range. I'm going to take you through a handful of charts and I'm going to show you the important things I'm watching. It won't be enough for you to make a risk decision, but I hope that it's some confluence and it'll help you better understand what I'm watching in the charts and the trigger lines that I'm specifically going to be tracking over the next couple days. Wall Street has heated up and I've been traveling. I'm away now. I spent the last couple weeks in Japan. I should be back to my home studio here in the next couple days and I look forward to connecting with you guys in these coming videos because there's a lot happening and I want to uh take you through it. I want to take you through the charts very carefully. If you are trying to become a student of the charts to better understand when to get in or out of a trade and take risk on Wall Street, then hit that like and subscribe for me. Welcome to Wall Street. This is the Stocks with Josh show. Thank you for joining me. Let's get right into the content. I told you that the AI trade in 2026 and 2027 was going to be and is still all about memory. For example, Intel, when I told you to get into it, it was at $88. And since September 1st, this thing has run up $32.81, a 36% move in just the last couple weeks. AMD was at $459. It's run up to $615. It's had a $155 move. Again, a 33% increase. Micron MU. Now, this one's probably the most important. Okay. Now, I've been trading Intel, but Micron is reporting earnings at the end of this month, September 30th, and that's going to tell us everything that we need to know about the memory trade. It is going to allow us to have a potential runup largely between now and then, which is something else that I told you in a recent video. I said we got past the Fed meeting, we got past the rate hike, and I said Wall Street's going to be waiting for that PCE on September 30th, and memory has an opportunity to run between now and then. That's exactly what happened. And I can't tell you how excited I am to share these types of trades with all of you guys. It's I enjoy making the money, but I hope that you took that trade alongside of me because it's been an absolute banger and I gave it to you price point by price point all along the way. How to read if the trade was active and how to know when you should be loading up instead of selling. And specifically for INTC, that was the price point of 108, which we closed above last week, which set us up for this massive push higher all the way up into the $122 range. Like I said, very, very exciting. Let me know if you guys listened. So, let's talk real quick about the memory trade and why it pulled back to begin with. Wall Street simply worried that AI stocks had become too expensive and that the spending boom might disappoint, which simply means the hyperscalers might not be getting a good ROI and that they would need at some point to pull back, which means that all this success that had been priced in might have been too far ahead of itself. And with all that pullback during the summer on September 1st, I told you guys we need to be watching these. On September 15th, one of the biggest news events that caused this trade to continue higher was Intel's CEO warning that the memory shortages could worsen into 2027. 2 days later, Micron jumped more than 5%. Wall Street began to treat these as outliers as the market was pulling back and the memory trade was moving forward and advancing. And the story line is that the AI demand is growing faster than factories can supply memory. Customers are going to be competing for chips. Prices are going to stay high and big profits are simply going to last longer than investors expected. And Micron told us the supply would be tight in 2027. But the market wanted to take profits, pull these down, get back into them, and then on September 30th have Micron show us the numbers and prove it to us. So let me just recap. This has set up an opportunity, as I've said before, for the easy money, the runup to that earnings event. It happens to perfectly coincide with the release of the PCE, which is the important inflation gauge that the Fed is going to be watching. And so, we might hit the top of the range and we could either get a bad read from Micron and a bad inflation print and these could get slapped down. But for the time being, they're still good. There's still room higher. It might get volatile towards the top of the range as people are going to begin to have an early round of profit taking, but I think we've got time for these to continue to climb. I'm going to show you some thoughts on those on the charts. So, let's kick things off. I'm going to take you first into the spy and then the hot plays. But before I do that, take a minute and watch this video. If you're not in the Discord, you're missing out on some of our biggest live trades. >> And we're starting to rip now 30% on Nvidia. 45 46 full move from the 220 41 all the way up to the 221519% 62% it's a runaway train man what a ripper 86 87 650 buck profit on that climbing 92% 87% on Nvidia like this you get half at 45% the other half at 90% 97% on Nvidia got 113% that my friend is not a boom that is a boom that's a shaka boom Boom. If you ask me, got 135% on Neta. Got 200% on Nvidia, 251% on Nvidia. I was driving, lol. Not the safest trade I ever took, but she made some money. Taking my $3,54 for the day and running. Thanks for the great session. So, make sure you come and check out the Stocks with Josh Discord. All right, let's go into the spy. Okay, here is what is important for you to watch. It's this 60% level on the RSI. And you can see we're at the daily time frame that every single time we get up to it or even close to it, it's a place of rejection. This is where momentum goes to die and Wall Street needs a reset and a pullback. So, we have come all the way down. We rolled over. We bounced on this 750 level as predicted. We bounced pretty hard. I told you in my last video that we had to get above 764 for the move to continue. But we did that and now we're getting a little small candle. We had an expansion candle here. We're now getting a compression candle. And where are we getting it? At the 60% level on the RSI. So I am expecting some form of consolidation and pullback here. Now in particular where we cannot afford to close below is going to be 770. It's okay if we get a red candle. We simply cannot close beneath 770. that would cause a concern for this current uptrend to have a larger pullback and have to come back to 764. Now, I do want to remind you guys that the market is cautiously bullish and something I've said to you many times is that we have to remain looking at a bullish posture on all things growth AI. But I also want to show you ever since mid August when we got to around 775, we've been in a downtrend, making lower lows as we go. Even though we've popped up, until we get back above this 775 level, the market is essentially still in a downtrend. Be aware of that. All right, let's take a minute and look at this beautiful Intel chart. I want to show you guys that this 117 is our area that needs to work as support. And I think that we are likely going to come back and test it. It's also operating as the top of this bullish descending channel. And technically breaking above this level is very bullish for a continuation move. But I will tell you, be mindful that we will likely come back and hit 117. And we're going to have to examine what this stock does at 117. Does it bounce hard? Do we close beneath it? If we close beneath it, then we have the risk of a return to 108. For the time being, I believe the trade looks strong. But watch this 124 level. All of these levels that you see marked on the chart are important areas of resistance and support. So, we are between 124 and 117. Let's take a peek at the RSI. The RSI has gotten hot and we're above the 60% level, which is super important. And I told you guys this in a video not too long ago that if you get above the 60% level, this thing was going to rip and cook and become a rocket. And that's exactly what we're seeing. And so I'm not fearful of this thing continuing in a downtrend. I think we are absolutely testing the top of the range right now on the memory trade. But you have to have a stop-loss and you have to have your own trade plan. And I'm going to keep saying this. I brought this to you when I thought there was easier money to be made. Wall Street is the hardest way to make easy money. And it makes sense to take risk on important pullbacks and structures like I saw in these memory stocks. Now, I want to highlight I'm not I don't have a ton of time today. As you can see, I'm still traveling. Uh but I want to highlight the next round of stocks that I'm watching. Okay, I would love to do a deeper dive with you guys on on these memory stocks. I will do that with my community this week in the stocks with Josh Discord. But I'm going to take a minute and I'm going to start telling you about the stocks that I want to begin to rotate into. And that's a very important word because as or if the market cools off, you're going to see rotation out of growth and into value. What are the value trades that are starting to look very attractive to me? I'm going to give you guys four of them today. Now, the goal is for you to go and do some charting on these and do your own uh research and see whether or not you think these stocks are ready to reverse. This would be the potential setup for the end of this month. So, I'm imagining that these have room to potentially bottom out between now and September 30th and potentially reverse going into October. And there's four names I'm going to give you. I want you to do your own research on them and tell me in the comments section whether or not you think these are attractive. I'm looking right now at Caterpillar, McDonald's, Pepsi, and CocaCola. And one thing that's interesting about these is I love the opportunity to buy value stocks when they pulled back, specifically dividend paying stocks. So these stocks, they'll give you a portion of the profits just for holding the shares. In addition to that, if you happen to get them on a major pullback, you both get the dividend that gets paid out quarterly and you get the increase in the value of the stock. So let me just take a minute. I'm going to take you into one of them right now. That one's going to be McDonald's. Now, I'm going to deep dive these more in the days ahead, but let's look at the pullback that we currently have on McDonald's. It's nearly 30%. We're beneath the 200 day moving average. I've got you on the weekly chart. It's the daily chart that we're beneath the 200 day moving average. We're down 27% from all-time highs. We're at the bottom of this ascending channel. So this is an area that can operate as support and be the basis for a potential reversal. Remember I think the ideal time to get into these is sometime between now and the end of this month. Now let's do a quick analysis of the RSI and how it has performed on a weekly time frame over the past. Here we got oversold on the weekly time frame. That doesn't happen very often. This was in 2020. And the only other time that we got this oversold on a high time frame for McDonald's was again in 2023. Okay. Both of those were huge buying opportunities. Now, we've come down and we've finally tagged it. Right now, oversold. And every other time that it's gotten oversold, it's had a pretty big move. Back in 2020, it moved from $15 all the way up to $200 in the following months after that. And in 2023, it went from $230 all the way up to $283 over the course of the next year. Massive move higher. So, where are we going to go? It's taken a long time for it to come down and have another perhaps last leg down. Is this the perfect reversal and buying opportunity for a potential move all the way back to the top of this range? We'd be potentially looking at a McDonald's that could be $365 perhaps in the next 365 days. In addition to that, it's a dividend payer. Let me know what you think of these value stocks as a potential investment from October 1st going into 2027. I'll cover them more in the coming days. Make sure you hit that like and that subscribe. I'll be back home and ready to trade with you guys this week. Peace and blessings. Take care.