SOUNDING OFF ON NVIDIA DAY

After a not so pretty drop but not even double digits for the indices, mainstream national and even local news is covering the stock market drop. Contrary? We wrIte this because when the main report, often the move is close to over. The fact they are reporting after only a few percent down is quite interesting. Also, we are not big on this fear and greed index that is reported all the time but it is in extreme fear…so contrary?

But that is sentiment. Price is everything. Big indices below 50 day moving average but not by much. We are in the thought that if wanted, could easily get back above. A small indication of better was that yesterday, with the DOW down 500, advance/declines on the NYSE were positive. That is the exact opposite of what we had been seeing in the broad market where a few 3-1 negative days have occurred. But one day does not make…

NVIDIA…have no clue as to reaction but we are almost 100% sure the CEO will say nothing untoward. NVDA is back in a base going back to the end of July. We did have to say it is a hmmm that he has announced a half trillion buckos in bookings/sales going forward yet the stock has gone nowhere. Maybe today. We must say if we had a dime for every person on social media ripping on AI and their debt and circular financing…yes…an issue and something to watch but just a ton of negative out there. If by chance the CEO does say something not so great…