How have they performed? “3 Assets to Watch” (May 4-8)



Keep in mind, this is being published before the closely-watched US jobs report is released @12:30 PM UTC Friday, May 8th.

Still, it's worth checking in on our “3 Assets to Watch” selected at the onset of this week.

One of the 3 selected assets far surpassed expectations, while the other 2 teased our targets.



1) Advanced Micro Devices (AMD) to post more record highs?



ANSWER: Yes ✅

In fact, instead of being merely content with our upside target of $386.19, AMD’s stock prices surged much higher, even briefly breaching the $430 mark!



Recall in our report published last Monday, May 4th, we highlighted AMD’s heft as the then-16th biggest company on the benchmark S&P 500 index (Bybit: SP500).

It’s now up to 14th place, having overtaken payments giant, Visa, and oil giant, Exxon, in size.



Here’s a recap of what happened so far this week:

• Wed, May 6th = AMD’s biggest 1-day gain since October 2025!

AMD announced a blockbuster AI earnings outlook after US markets closed on Tuesday, May 5th.

That AI earnings bonanza sent AMD’s stock price surging 18.6% the day after (Wed, May 6th) - its biggest one-day advance since October 2025!

That surge has now sent AMD’s market cap to US$ 666 billion (prior to the US market open on Fri, May 8th), up from US$ 588 billion at the start of this week.



• AMD among the biggest week-to-date gainers on the S&P 500

Since our report was published this past Monday, May 4th, AMD has risen 13.3%.

That makes AMD the 2nd-biggest week-to-date gainer among the 20 largest stocks on the benchmark S&P 500 index!

^{The biggest week-to-date gainer among the S&P 500’s top-20 is Micron, which has risen 19.3% since May 1st.}

AMD’s outstanding performance this week adds to its year-to-date performance of +90.5% so far in 2026, which certainly justifies its place among our list of “3 Assets to Watch” for the week.

Did you miss out?



Trade AMD Button







2) AUDUSD+ to hit 4-year high?



ANSWER: Oh, so close ... just 0.07% away



Although this G10 FX pair did post a new intraday high since June 2022 ...

The “Aussie” was a mere 0.07% (5.5 pips) away from posting a new 4-year high.

So far this week, AUDUSD+ also managed to tease our 0.730 upside target, getting to just within 0.3% (23 pips) of that upside target on Wed, May 6th.



Still, this week’s performance still places the Australian dollar as the biggest gainer among G10 currencies vs. the US dollar so far in Q2 2026!

Across other timeframes:

• Month-to-date: AUD +0.3% vs. USD = G10’s 2nd biggest gainer behind the New Zealand dollar (+0.7%).

• Year-to-date: AUD +8.3% vs. USD = G10’s 2nd biggest gainer behind the Norwegian Krone (+8.8%).



Despite getting oh-so-close to our upside targets (noting also that the US NFP is mere hours away) ...

AUDUSD+ did respect a downside target we cited on Monday, May 4th.



• Monday, May 4th - what we wrote:

“DOWNSIDE: AUDUSD+ may fall to its 21-day simple moving average (SMA) ... for support ... if the RBA suggests that rate hikes are on pause after this week ...”.



• Tuesday, May 5th - what the RBA did:

The Reserve Bank of Australia (RBA) indeed signalled as much - that its rate hikes are on pause after its 3rd consecutive rate hike.



• Tuesday, May 5th - what AUDUSD+ did:

This major G10 FX pair then respected our cited 21-day SMA support level following the RBA’s latest policy signals:

posted on X: @Bybit_Learn

Still, it remains to be seen whether the incoming US jobs report can fully send AUDUSD+ up to that upside target for the week (or if it needs more time to get there).

Trade AUDUSD+ Now







3) DOGEUSDT to erase year-to-date losses?



ANSWER: Oh, so close ... just 0.34% away



At the time of writing, DOGE is faltering away after posting mid-week an almost 3-month high.

On Wednesday, May 6th, DOGEUSDT posted an intraday high of 0.1170.

To put that into context, that 0.1170 was merely within:

• 0.43% of the Feb 15th intraday high of 0.1175

• 0.34% of the Dec 31st closing price of 0.1174

In other words ...

DOGEUSDT got to within a whisker of erasing its year-to-date losses!

In fact, DOGE has extended its year-to-date gains to 9.1% at the time of writing vs. the 4.4% figure when we included this crypto among our “3 Assets to Watch” for the week.



Although crypto’s overall upward momentum failed to be sustained for now, DOGE and other altcoins are likely to continue riding Bitcoin’s coat-tails higher, assuming risk-on sentiment can be sustained over the near term.

READ MORE (published Wed, May 6): Bitcoin hits $82k, a 3-month high! Is this a new bull market?







DISCLAIMER:

This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.