NVDA closed just below the 100 day moving avg (at 103.8), the candle sticks say more decline to come, to close the 95 -102 gap. 62% retracement is ~~ 94. keep watching from the side line until after its earnings release and the Fed's first rate cut
Yup. same as TSLA 2021. how much of future earnings are priced in? few hundred billion to 3T+ market cap in months.. I have a good chunk of my account in NVDA. maybe i should have cashed out at 3T marketcap. hopefully i get another chance..
2X'd since this post. Yall have fun ELON and companies that make hardware and have no actual product though. Who wants to open a Dutch Bros with me?
Companies like ms are making a 10th in return for what they've been piling in so far. That's like the whale case, think about companies that don't even pretend to know that they're doing. I think for most known cases, you don't need to spend 100m+ to train models like openai or anthropic. Meta (and maybe Mistral) might save momentum through open source adoption and innovation with their free models. It's probably up to apple to reignite interest among people who thinks it's a fad. For one, their marketing can turn day old turds into a ground breaking revolution in sustainable farming. Another, their approach in ai/ml has been to target their own devices rather than phoning home to the cloud. Ofc, hype talk will always trump reality once earnings season is out of the rearview.
I am so lucky that I sold on the literal market peak a few weeks ago to pay my kids tuition. I’d be furious if I had tried to sell today.
the trick is going to the bottom rung. People in lower middle class can't survive nowadays. They are not buying or participating in services that fund the upper middle class/upper class that provide profit the latter (who actually do purchase stocks etc) The first group has been suffering for a while, now it is catching up as people hjave been saying for a while. Cars are sitting on lots forever after the crazy car market, houses aren't selling, people are choosing to hang on to money now more than ever. It doesn't matter what people define as a "recessin" This is a strong economic downturn and will be for some time. Looking at how NVDA (and hence the S&P. 500) is doing and calling it a strong economy has to be the dumbest ****ing thing imaginable. The economy has been **** for a while, endless stimulus and govt bailouts for corporations was a bandaid can down the road
