THIS IS COMPLETELY INSANE.

We are witnessing a historic breakout in chip stocks that is completely decoupling from the rest of the market.

- SanDisk has gone from $30 to $1,032 in 13 months. That is a 36x return.

- Micron has gone from $60 to $524 in the same period. An 8.5x return.

- Nvidia is at $209, just 1% below its all time high of $212.

But this week will decide if the rally continues or stalls.

5 out of 7 Magnificent Seven companies report earnings this week. FOMC decision on Wednesday. ISM manufacturing forecast is 53 which would be a 45 month high.

Everything depends on this week.