October 19, 2026

MOMO CROWD BUYS TECH STOCKS – META AND TESLA EARNINGS WILL BE THE TEST; PAY ATTENTION TO PUTIN’S PROPOSAL

To gain an edge, this is what you need to know today.

Big Tech Earnings Ahead

Please click here for a chart of leverage semiconductor ETF (SOXL).

Note the following:

Semiconductors reflect the AI trade, and SOXL is the momo crowd’s favorite.
The chart shows SOXL last week dropped to near the low band of zone 3 (support).
On Friday, we wrote:

The chart shows the nine day RSI reached 0.0, the most extreme oversold level RSI can be. The chart shows that during the period shown on the chart, RSI has never been this low.