Stock market next week
Big earnings week
All the newbs who bought & held NVDA during the last 2 months are under water in just 1 day. They are panicking and will run for the exits next week causing a blood bath
Very likely true. See my comment - META and NVDA can fall very quickly if everyone starts running for the exits or the narrative shifts. People will have to learn the hard way not to buy after a parabolic run up. It’s already too late when the price starts going straight up "For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments."
We just got another 95 billion spending bill and geopolitical situation seems to be stabilized. Stock will resume the bull run next week 🚀🚀🚀
Probably both. Everything is EXTREMELY oversold on short term time scales but also extremely overbought on higher time frames. The reaction to NFLX was surprising but that may have just been due to options expiration My 2 cents: - I bought a little (keyword little) TSLA and AAPL on Friday. Risk/reward feels pretty good for both of those at this point after how much they sold off - META and NVDA are total wildcards this earnings season but both have a looooong way to fall. Would be very cautious if you’re overleveraged on one or both - MSFT will be fine no matter what, maybe get smacked in the face if they disappoint but I can’t see the narrative shifting fundamentally. Easy buy on any dips - GOOG could go either way, would wait to see what happens on that one since it’s still above previous ATH (I’m holding but not buying any more right now) - No clue about AMZN at this point. Internally it’s a dumpster fire but strong growth narratives and near ATH
Good analysis! 👍