ES Journal - 2023/2024

[p0box4]

Up or down?

I assume that will depend on the NVDA earnings later today and the numbers that come out tomorrow pre-market.

 

[Laissez Faire]

sell off of course.

any good news from target and lulu and costco, home sales, don’t think so.

That would be fantastic as this low volatility grind at ATHs is boring.

I doubt it, though.

 

[mervyn]

sell off of course.

any good news from target and lulu and costco, home sales, don’t think so.

here we come

 

[schizo]

• Nvidia shares are up 25% over the last month alone and 93% in 2024, extending 2023’s 240% runup as investors can’t seem to get enough of the AI dominator.
• That’s a move which would add or knock off some $200 billion from Nvidia’s $2.3 trillion market capitalization, a hard-to-grasp sum for a company valued at $200 billion total just four years ago.
• Nvidia is expected to account for roughly 40% of all earnings growth across the S&P 500 in the first quarter of the year, according to Bank of America.Put another way, the benchmark American stock index’s projected bottom line growth would fall from 5.7% to 3.2% without Nvidia, according to FactSet.
  
  

 

[mervyn]

• Nvidia shares are up 25% over the last month alone and 93% in 2024, extending 2023’s 240% runup as investors can’t seem to get enough of the AI dominator.
• That’s a move which would add or knock off some $200 billion from Nvidia’s $2.3 trillion market capitalization, a hard-to-grasp sum for a company valued at $200 billion total just four years ago.
• Nvidia is expected to account for roughly 40% of all earnings growth across the S&P 500 in the first quarter of the year, according to Bank of America.Put another way, the benchmark American stock index’s projected bottom line growth would fall from 5.7% to 3.2% without Nvidia, according to FactSet.
  

drop 14 bucks, selling ensures.

 

[Laissez Faire]

Unless the FOMC minutes have any surprises, I can easily see this V back up.

 

[mervyn]

target 5315

 

[mervyn]

target 5315

flat, 10 points.

 

[mervyn]

Unless the FOMC minutes have any surprises, I can easily see this V back up.

Federal Reserve minutes indicate worries over lack of progress on inflation
https://www.cnbc.com/2024/05/22/fed-minutes-may-2024-.html

 

[mervyn]

out 1/3, nearly a rolex. plan to keep the remaining to expiration. any dip would open september positions. bond trades are back.

out at 109'16.0

flat all zn at 109'02.0, i am good with 1.5 rolex carry trades.

fomc minutes spooked me. still holding ym short for 1% retracement.