Nah, the V-crews will just step in and take the market higher.
This is the VIX futures. It's at it's all time low. Until it breaks above that trendline, don't even think about it.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
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This is the VIX futures. It's at it's all time low. Until it breaks above that trendline, don't even think about it.
I saw a stat a few weeks back about how 80% of the revenue for NVDA came from 4 companies.... just 4. These must be something like Facebook, Tesla, OpenAi, maybe Microsoft and Google, or something like this. All that needs to happen is for a slight slowdown of purchases, maybe a scaled back contract, and it will be like dominos falling.
On top of this, I also read that, and let me see if I got this straight, NVDA was loaning the money to some of their customers in order to buy the chips. Can you imagine? A company funding their own customer???
So I also think its like 1999. I wasn't around, and I realize that companies these days have revenue, unlike those Dot Com companies, but everything is so extended, and I still don't see a killer product that justifies the euphoria. I see lots of good tools being produced, but ChatGTP charging $20 per month isn't a trillion dollar company. So I'm not exactly sure how billions of dollars spent on chips is going to produce killer revenues. Each company is just trying to stay competitive, but I really don't know what the prize is at the end.
that is correct, nvda is cooking the books.
most of the revenues are purchase orders and receivables, hence the large numbers didn’t show up in other big techs quarterly capex, or on tsm’s revenues. on top of that, coreweave got preferential delivery before other big tech firms, smelled like sunbeam accounting scandal.
their margin will eventually drop hence the valuation.
A top is impossible when there is no downside ever. Literally straight up since the fake drop in April. I actually thought there was a shot at a reversal today, but was a huge mistake. Why would I ever believe that this market is ever going down? We had AVGO in the the AH. This is gapping up again. Any tiny drop is made a V shape in seconds.
The longer this goes on and more time passes this gets more an more unstoppable.
I do respect this thread and like the posting so continue on. Just the moves this week are insane and I still don't see a way this ever stops going up. Even the rug pull attempts get instantly obliterated. Like how does this ever end? I actually want to be convinced/ enlightened how this ever stops going up.
It's the future expectation, stupid.
Seriously, we haven't had this type of frenzy since the early days of dot.com, which climaxed with everyone going nuts in 1999 from all the Y2K scaremongering. They were told that the computers and all the networks will go down on January 1, 2000. Turned out to be a friggin' BS cooked up by the same companies that sold tech gears. Anyway, the bottom line is that you constantly need to add drama to hype up the stock market, be it rumor or truth. It won't go up simply due to good quarterly earnings alone. Ya need to build expectation, giving simple folks the hopes and dreams to cling on to. Now we can all sing kumbaya. Halleluiah! Check out this thread I posted some time ago.
NVIDIA and the Cautionary Tale of Cisco Systems
https://www.elitetrader.com/et/threads/nvidia-and-the-cautionary-tale-of-cisco-systems.379022/
Ya just might want to take a moment to reconsider. (Posted this elsewhere earlier, but will leave one here as well for others' benefit.)
Weekly
Chasing the crazy NQ long here lol.
Feel like 20k+ is super likely at very minimum. people were ordering their 'nq 20k' caps a a while back!
Only a small one (on my spreadbetting/bucket shop account) here as I might be buying the temporary top tick and need to trade small enough to be able to add a few times in teh rare event we drop, but I can always add a few times on the way down and eventually on the next massive up move it'll be all good
Feel like 20k+ is super likely at very minimum. people were ordering their 'nq 20k' caps a a while back!
Only a small one (on my spreadbetting/bucket shop account) here as I might be buying the temporary top tick and need to trade small enough to be able to add a few times in teh rare event we drop, but I can always add a few times on the way down and eventually on the next massive up move it'll be all good
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Be warned.
Last night I picked up that some of the people who've been bearish for the last week or so now are bullish! That definitely warrants some caution to the long side as they're usually wrong.
Post-CPI rallies historically have seen range bound movement for the rest of the week, so doesn't seem like the time to be greedy on longs. Waiting for RTH.
Last night I picked up that some of the people who've been bearish for the last week or so now are bullish! That definitely warrants some caution to the long side as they're usually wrong.
Post-CPI rallies historically have seen range bound movement for the rest of the week, so doesn't seem like the time to be greedy on longs. Waiting for RTH.
Was in my mind too, which is why i'm taking these latest longs on the spreadbet/bucketshop piker account
Also have a hell of a buffer due to the last 10 days trading so it would take a freaking CRASH to hurt me here and that just ain't happening lol