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Last week was brutal for memory trading and the AI space. So, in yesterday's video, we gave you the minimum levels to track for Monday morning. The market is open and these stocks are getting their first real test this week. As of 11:13 AM, 12 of these stocks are up, and nine of them are trading above the first retracement levels we discussed yesterday.
But here's the question. Are buyers forming a recovery , or are we seeing another bounce that sellers will simply collapse again? In this video, we bring all 12 stocks back on screen, check the lows , analyze the bounce, and determine the next test for today. I'm Rob, a former M& A lawyer at a leading Manhattan firm , a former professor at a top-eight business school , and I've been trading these markets for 25 years.
I'm not here to make you get rich quick, I'm , what the morning price dynamics tell us. Secondly, the stocks of memory manufacturers: Micron, SanDisk and SK Hynix. Did yesterday's possible lows hold and how far has the recovery progressed? Third , we look at stocks from Nvidia to Palantir. Which stocks are holding up their morning gains and which are struggling at the levels we've identified.
And finally, what needs to happen today before the close of trading so that we can look at this sell-off more calmly. Let's begin. All prices in the video are a snapshot of the market as of approximately 11:13 AM EST, Monday, October 19, 2026. Of course, the market will continue to change after this time.
Yesterday, we identified a possible support level for each stock and a price that would give us the first signs of stabilization. Today's chart shows the stock, its price and percentage change from Friday's close, the morning low, whether the support level held, and the stock's position relative to the first retracement checkpoint.
The first two hours of trading can show the reaction of buyers, and the close will tell whether this reaction has lasted until the end of the day. So, let's move on to the shares. First up is Micron. Micron is currently priced at 919.56, up 4.63% from Friday's close. Morning low— 896.45. Yesterday we talked about the main support level between 858 and 875, the first retracement point at 907.50, and the second level at 931.65.
Well, today Micron remained above both the 858 and 875 marks and is holding above 907.50 . The morning high was actually 921.92. So, the level of 931.65 has not yet been reached, but the situation looks good. And now— the test for the afternoon. If Micron can hold above 90750, will buyers be able to hold the price when sellers come back and try to push it lower?
And 93165 remains the next checkpoint we are paying attention to. A return to the 93165 mark and holding it until the close would mean that Micron has reclaimed Thursday's high , but it doesn't necessarily mean that the entire sell-off has been leveled off, but it is an extremely positive sign. Next on the list is SanDisk.
SanDisk shares are currently trading at 1,389, up 6.9% from Friday. The morning low was 1339. Yesterday's major support level we set was 1276, and Friday's low was around 1296. Our first retracement point was 1362, followed by around 1397. SanDisk has confidently broken through 1362 this morning, but has repeatedly bounced off the 1400 mark.
So watch this afternoon to see if SanDisk can break and hold 1400 . Holding above 1362 will preserve this first recovery level, 1397 will show further progress, and a close above 1400 on solid volume will give the rally real weight. But if SanDisk gives up those prices and starts moving towards its morning low, the rebound loses steam.
Third— SK Hynix. SK Hynix is currently trading at 14447, up 5.85% from Friday's morning low of 14103. Yesterday, we talked about SK Hynix holding 13623. We also wanted to see it break and hold 13780 and then 14151. This morning, Hynix confidently broke and held these levels, and is now trying to regain the 145 mark .
If SK Hynix can break through 145, then expect 146.39, which is Thursday's high. But if SK Hynix loses the 141.51 level, expect a retest of 137.80. And if 137.80 falls again, the recovery will still take a lot of work. Moving on to Nvidia, it is currently at 218.12, which is about 1.86% higher than Friday.
The morning low was 214.82. Yesterday we said that the possible low is around 212.85, and the first recovery point is 218.68. Well, sellers showed up right at that 218.68 mark this morning and pushed Nvidia back down. So, the 212.85 level remains unshakable, but the first recovery checkpoint has yet to be reclaimed.
So this afternoon I'm watching to see if Nvidia makes another attempt at 218.68. If 218.68 can be held, the next level we are watching is the 50-day moving average at 223. So before closing, see if Nvidia can close above 218.68 and even try to break above 223 at some point after lunch. Next up is AMD.
AMD is currently trading at 549.61 , up 3.95% from Friday, and the morning low was 539.83. Friday's low was 526.83. The next level immediately above it was 530.09. Then we looked at the 50-day moving average around 537 as of Friday. This was our first real recovery checkpoint. This morning, AMD is trying to break through and hold Friday's high of 550.96.
So keep an eye on this level this afternoon, but if AMD cannot hold 550.96 then look for support around 537 and then all the way down to 530. So this afternoon buyers need to defend this recovered area and close above Friday's high of 550.96 for the day to be considered truly successful. Now let's move on to Nevius.
Nevius is currently trading at 171.46, up 3.62% from Friday. The morning low was 166.71. Yesterday we focused on the 163 level and the 200-day moving average around 174.04. This morning Nevius tried to retrace to the 200-day moving average but was rejected twice. The floor at 163 held, but the attempt to recover through the 200-day moving average was unsuccessful.
And Nevius needs to close above the 200-day moving average of 174.04 for this recovery to look strong. A quick note about us: we are a small channel. No studio, no big this sale. If comparing yesterday's plan with today's actions helps, then liking, subscribing, and sharing don't cost you anything, but for a channel of our size, it's very important.
Let's go back to the board. Next up is Marvell. Marvell is currently trading at 241.30, up 5.91% from Friday. The morning low was 234.30. On Friday, there was a new low of 226.52, and our first retracement point was 237.64, then 242.55. Marvell quickly passed 237.64 and even tested it as support today.
But Marvell tried to regain 242.55, but sellers appeared and pushed it down. But it gives us a great way to evaluate the rebound this afternoon. If Marvell can reclaim and hold 242.55, then it is on its way to recovery. But if it loses the 242.55 level and fails to hold 237.64, there is still a lot of work ahead.
Moving on to Broadcom. Broadcom is now at 337.82, up 2.76% from Friday. Its morning low was 333.85. Broadcom tested the first retracement checkpoint at 334 and found support. It is now trying to reclaim that second checkpoint at 339.59. Friday's heavy trading volume and weak close gave us no reason to believe that Broadcom had bottomed out.
But today's rebound will be judged and tested based on whether buyers can hold these levels. This afternoon, if Broadcom can hold the old broken low at 334.61, it could become support again. But if Broadcom passes this 334 level, then today's rally is not real. And maintaining the recovery above 339.59 would indicate real progress before the close of trading.
Next up —Applied Materials, AMAT. AMAT is currently trading at 424.42, up 3.7% from Friday. The morning low was 420.46. After five days of bearish closes last week, we needed to see a halt to the daily decline. Friday's low was 407.26, and our first recovery checkpoint was 418.24, then 426.81. AMAT is in a narrow trading range this morning, testing the 421 level three times and finding support there, which is great news.
But AMAT also tested the 425.50 level and pulled back several times . A close above 418.24 this afternoon would preserve a significant portion of the recovery. If AMAT reaches 426.81 and can hold there, that is great news. Now we start looking at 439 for a real recovery. Moving on to Intel. Intel is now at 94.05, up 4.67% from Friday.
Morning low—92.63. We observed the level of 89.19 as the first low and 90.02 as the first recovery checkpoint. After that, we were looking at 94.22, which was Friday's high. At the time of this video, Intel had surpassed all of these levels, but now we are seeing sellers appear near the $95 level. So, if Intel can break through and hold $95 , the next level to watch is 96.88.
Break through and hold this level and then the Intel rally will be real. But watch to see if sellers can push Intel back below 94.22. If the rebound fades, 90.02 will be your next support level. Next comes Bloom Energy. Bloom is now at 228.20, up 3.11% from Friday, with a morning low of 224.35. Yesterday we said that the main low is at $215, and the first checkpoint of the recovery is 233.59, then 239.85.
Well, the good news is that Bloom didn't even try to test 215 this morning. The lowest was around 224 per share. But sellers still returned at $233 and pushed Bloom to morning lows. So, Bloom needs to recover and hold the 233.50 level until the close before we can seriously talk about a recovery. But Bloom also reports earnings on Thursday, so the market is likely pricing in additional risks associated with that event.
Our latest stock is Palantir. Palantir is now at 19,517, up 4.91% from Friday. The morning low is 18,511. Palantir's Friday trading damaged what looked like the strongest chart on the board. The low was 18.445 and we were worried that it would test the 50- day moving average at 18.257. And yesterday we said that our first recovery zone was the 19,260 level.
Well, Palantir has surpassed those levels and is now the most attractive chart of the morning. At the time of this video, Palantir is trying to get back to the 19.5 mark. And if Palantir can break through and hold $19.50 per share until the close, I think we'll give an "all clear" signal. Here are the results as of approximately 11:13 a.m.
Eastern Standard Time. 12 of our 12 stocks remained above their published support levels this morning. Nine of them are trading above their first recovery checkpoints. Three of them are still below: Nebius, Bloom, and Nvidia. But the second half of the day should still confirm the price dynamics. The strongest signal we could see would be buyers defending the recovered levels, pullbacks stopping above morning lows, and the stock finishing near its intraday highs.
A weaker signal would be a fall of those control points we talked about, a test and loss of the morning lows, and the rebound fading by the time of the close. But also remember the rest of the calendar for this week. Meta reports earnings on Wednesday after the close, and Bloom Energy reports on Thursday after the close.
Meta's spending plans will affect sentiment towards the entire AI sector . So we need to keep a close eye on this earnings report. But for now, the task is simple, and this morning's price dynamics indicate an improvement in the market. However, the real test for this rally will come at 4:00 PM today, and it will depend on whether these stocks can rally to the close.
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