Thank you

Thanks. Interesting to see that Intel and IBM are looking very weak indeed compared to the new breed.

I think that the Robinhood folks see the potential for a nice rally due to high short interest. Short squeeze is a common theme among retail gamblers. GameStop is a good example of that.

Was a rough 2+ months but feeling much better now. Thx

BTW- Nothing wrong with joining the crowd when a trend like that is recognized. The key is not to be the last guy or gal to leave the party.

Yep. Tons of low-priced (i.e.- junk) stocks exploding higher lately as the Robinhood/retail crowd associates low share price with value.

I can’t make a hard case to short NVDA yet although that doesn’t mean that it’s not ready to roll over. The 50-day EMA has acted as decent support in the past & that is just below right now. Need to see the majority of big semis and/or SOXX, XSD, & SMH start to roll over as the semis tend to move as a herd.

TSLA is pushing up towards the top of that post-spilt range/previous all-time highs so no resistance overhead once that level is taken out. BIG divergence building & guaranteed on the daily chart on any new high soon but divergences and/or overbought conditions aren’t sell signals so we’ll just have to sit patiently wait for one, then TSLA could prove to be a very lucrative short, especially if the SPX has a half-decent or better correction as well.

$NVDA reports Q3 EPS $2.91, consensus $2.57 – Reports Q3 revenue $4.73B, consensus $4.41B.

Small beat.. looking toppy -0.4% AH

Seems the call buyers are wagging the dog again. Guessing we wait for a topping reversal candle before shorting.

Interesting to note the inclusion of Yahoo and AOL to S&P 500 way back when came before the nail in the coffin.