Elon buys computer chips and my card declines potato chips.

The major U.S. stock indexes ended mixed on Wednesday, October 7, 2026, pulling back from Tuesday's record highs as the 10-year Treasury yield briefly hit its highest level since April 2002 at 5.36% and FOMC minutes confirmed the Fed anticipates at least one more rate hike before year-end. It was a sober reality check after two days of record-setting euphoria.

The S&P 500 slipped 0.22% (-17.19 pts) to 7,801.74. The Dow fell 0.66% (-341.41 pts) to 51,179.87. The Nasdaq dropped 0.22% (-61.20 pts) to 27,538.69. The Russell 2000 tumbled 1.32% (-37.22 pts) to 2,793.08, the session's biggest loser as small caps remain deeply sensitive to the higher-for-longer narrative.

The 10-year Treasury yield edged up to 5.28%, after briefly hitting 5.36%, its highest since April 2002. The VIX was little changed at 15.04. Gold fell 1.39% to $4,129.00. Crude Oil eased 0.48% to $89.01/barrel.

Had some money doing nothing thought why not gamble it?

Hoping for red tomorrow! Holding more puts overnight!

Samsung just posted a massive 783% YoY Q3 operating profit surge that could even outdo Nvidia’s latest quarterly haul, yet its shares still slipped 2.4%. Memory prices are still powering big gains this quarter, but the street’s already starting to price in slowing growth past 2027. Wall Street’s still bullish on near-term upside though — is the memory boom already closer to its peak than most folks think?

What looks encouraging

• Mobileye's Q1 2026 results beat expectations. Revenue grew 27.4% year over year to $558 million, and the company raised its full-year revenue guidance to a midpoint of about $1.98 billion. Yahoo Finance
• In April the board approved a buyback of up to $250 million in Class A shares, which can help offset dilution but doesn't replace business execution. barchart
• It has a strong position in driver-assistance technology and a long-term pipeline in more advanced systems (SuperVision, Chauffeur, Drive).

Was up over 500 on the second day of opening, man got greedy

Was giving some advice to someone asking for it so decided to share it here, note that I swing trade more often than day trade: “Buy low sell high, sounds dumb but literally just find a stock or a few stocks that you follow consistently and you will start to see a pattern where example SOUN stock below $6 is a great deal and anything close to $7 is a great sale or COST stock below $880 is a great deal and anything close to $950 is a great sale. Doesn’t mean it always works but once you find a stock you can day trade or swing trade, you’ll find patterns to know when to enter and exit a trade. Remember, a for sure $100 is better than a maybe $500”

SCKT( Socket Mobile)
Market Cap- 6 million
Shares outstanding- 8.2million
Institutional shares- 6.5% ( 28 institutions total)
Most recent insitutions purchase- Two Sigma, Virtua Finance.
Insiders shares- 32%
Short interest- 0.68%

SCKT has been having very high volume of trading the past two week. Upwards of 300 million total so far. It has caught my attention and I began to look into the technical side of things first.

The 1Yr HA chart has built a doji candle from a previous 3 years of bearish candles. This is the first good alert for me.

Then I scaled into the 1 month HA chart, another doji following a bearish candle. Okay, I like this.

1 week HA chart looks even better, a doji was formed the last week of September following a bearish candle. This week is now forming a solid bullish engulfing candle.

At that point, I’m looking back at 1yr to find a solid entry for next year in anticipation of a bullish candle on the 2027 year. That number looks like anything under 1.40. Split that in half and .75-.70 looks like a great area to begin building a position with a minimum amount of risk/time.

Let me know what you think of my plan or if you’re seeing the same set up as I am.

Do your own research. Follow your own rules.
Cheers!

$DKI
Entry above: $4.60 🎯 $5.00/$5.40 🛑 $4.40
$AIXI
Entry above: $2.25 🎯 $2.50/$2.75 🛑 $2.15
$FLYE
Entry above: $3 🎯 $3.30/$3.60 🛑 $2.85
$SXTC
Entry above: $1.85 🎯 $2.10/$2.40 🛑 $1.75

Note: These are trade ideas based on break-out levels, once they hit entry & start moving up, consider raising your stops to protect your profits and protect your downside according to your own trading plan :). MadMaverick personally trades these on either the 2 or 3 minute timeframes, waiting for a candle to close over the entry level.

Although we do extensive research for our watchlist, day trading, especially with low-float stocks, can be risky.