One of the narrowest market rallies in 50 + years!!!! Just 7 stocks

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JUST 7 stocks made up 73% of the s&p gains in 2023...just 7.

And 5 out of 7 of those stocks with a trillion dollar market capitalization account for over 1/4 of the s&p $36 trillion market capitalization, and the top 10 account for 1/3 of the total.


With out the AI hype wallstreet is touting stocks would he in the red for 2023. It's all wallstreet has, just like the dot com days but if course as they always say, this time it's different!!!

It never is!!! Remember that.


 
Meh,even the IWM has been doing okay during this rally. But yeah it seems a bit overheated and probably due for a correction.
 
Zwaen said:
So what do you think? Nvda up or down?
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No idea or opinion. Just shooting the chit.

Don't trade stonks but I do trade NQ which ATM is relatively "weak" below its VWAP.

Here and now is my main focus.
 
I think 94% of traders think nvda will be higher after the bell. The forecast is for $16 billion in revenue, how can they not beat that when they surprised with $16 billion in revenue last quarter. Probably come in at around $18 to 18.5 billion in revenue and eps is around est for 3.34 I believe, they will probably do high 3's and even 4+ ...of course it all matters on the guidance.

I believe everyone is buying these chips ahead of actually needing them because of the AI hype and that it will slow down a few quarters from now where they miss because of push ahead, so demand will drop by third or 4th quarter of 2024
 
Nvda is the entire market now, without nvda performing well markets could be in for turmoil. So I'm sure it gets a nice prop after the close. . They won't let it fail into the holiday season, without nvda markets will falter.

Nasdaq added 6 trillion in market cap for 2023 and they still believe that's not enough. So they will squeeze the bubble even higher !!!
 
SunTrader said:
NVDA reports after the bell. Wonder oh wonder what their numbers will show?
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DONT know; looks like a strong NVDA up trend but more important like QQQ is still going up this week/assume qqq close @ 376 or a bit better/not a prediction.
As of 12;56 CST so far so good>$388:D:D
 
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