Weekly Market Report 7/26/26
The stock that reminds me most of MU, the next memory esque bottleneck, a potential META 2022 esque play, the overall market, my trading portfolio, and more.
What a market huh?
It feels like we’re standing at the edge of a cliff and the next move will determine whether we fall or step back from the ledge.
If you’ve been involved in high beta momentum/AI stocks over the past few weeks, you wouldn’t know the S&P 500 is inches off all time highs.
Over the past week I’ve been seeing a number of disturbing posts regarding people being completely wiped out.
One thing that every market participant must remember is the fact that the stock market isn’t a game. As much we all like to joke about it being a casino, in some instances it can be easy to treat it like one.
Numbers on the screen aren’t just numbers on the screen. Those numbers represent a number of things including experiences or vacations, comfort, luxuries, food, homes, and much more.
It’s important to not lose sight of that.
This also ties into something else I’ve been discussing at length and always apply to my own trading:
Your entry price and cost basis matter more than almost anything else.
You just can’t buy any stock at any price, no matter how good the story is. A stock that pulls back 10% to 20% after moving higher 500%-2,000% isn’t a generational buying opportunity or a bargain.
Remember, the loudest cheerleading for certain stocks and groups only began after they had already delivered massive gains.
You need to be early if you want major market gains. You don’t want to wait until the trade is consensus or being posted all over X. The biggest opportunities usually appear when the stock is still controversial and most investors are focused on the risks instead of the upside.
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post all of my new trades as I enter them. I walk through the trade idea entirely including my thesis, risk level, cost basis, and more.
The subscriber chat is also where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
It’s basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha in there.
I honestly believe it might be one of the most (if not the most active) subscriber chats on Substack.
Come join us!
In the remainder of this article, I’m going to discuss:
The stock I think is the next Micron
A potential Meta 2022 scenario
The next memory esque bottleneck
The AI trade and next leaders
My portfolio + positioning
The overall market
My favorite charts
My focus list
And more.
The market has definitely been difficult but a few massive opportunities are starting to emerge underneath the surface.
This is usually where the best trades begin.