Weekly Market Report 8/9/2026
Big AI opportunity, another SpaceX esque trade, software and the leaders, my portfolio, favorite charts, and more.
Just as we saw people blowing up and posting their losses on X the market bounced big.
One of the key lessons to take away from the pullback we just saw in the Nasdaq (over 11%) is that there’s a time and place for aggressive trading + positioning.
If you don’t preserve your mental and fiscal capital, you won’t have the ability to take advantage of the market when the time to press the gas comes.
And we might have just entered that period.
I also want to mention something else about those same people who have blown up in the market over the past few weeks. People underestimate how many times you can fail and get things wrong yet still succeed in the end.
Many of the greatest traders and market participants ever struggled for years before hitting their stride.
Lawyers and doctors have to attend school for an extra 4+ years after college, do you think someone who sits at a screen and makes money clicking buttons shouldn’t have to pay tuition to the market?
It takes time. Be patient with yourself, this game is a marathon and not a sprint.
The last few weeks have been relatively quiet on the Iran front, Leopold Aschenbrenner and leveraged South Korean traders have blown up, and rate hike odds have decreased.
Things are looking pretty good with the S&P 500 hitting new all time highs…
Last week I only spotlighted one individual stock and trade plan: SpaceX.
I compared the setup to Meta’s 2012 lockup expiration and explained why I thought the stock was about to bottom vs. the consensus thinking of breaking below $100.
On Thursday I sent out an alert that I bought SpaceX at $109.
One day later it’s already up nearly 25%.
This week, I see another similar opportunity developing that I’m going to discuss in this article.
More on that later.
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:
Big AI opportunity
The next SpaceX esque trade
A subsection of the software trade nobody is talking about
The software trade
My portfolio
The overall market
What rate hike odds mean for the market
My favorite charts and setups
And more.
The market may have hit a turning point.
And when the market turns, it’s important to be prepared. You only get a few good stretches per year, it’s crucial to capitalize.