Yeah I was just about to edit my post and put an option 3 for an agonal gasp from the dying bull run.
Well played...Heineken-Ashi said:
Bought SPY April 16 $524 calls. If this goes up, I've got a target by April expiration of $530. I am not confident we are for sure going up, but this is a hedge against my already bearish options and an attempt to play the next two days of economic catalysts.
I wouldn't sell it. I wouldn't be surprised if they declare a 3:1 to 5:1 split on their next ER.agdaddy04 said:
Do you guys think it's a good idea to ponder unloading NVDA? I certainly don't want to ride it down.
bmoochie said:
To me it almost feels like the bears are toying with it. Dropping it hard and letting up to see the response. And it's bounced everytime. First time weeks we have had numerous large drops like this.
We have trendline connecting October 2020 low to January 2024 low for support. As of now, $77 is what can't break. And we need through $202 to break any short term downside setup. $91-$92 range is immediate resistance. If the gap at $111 closes, it will do so with price having broken the upper trendline of the triangle consolidation pattern.agdaddy04 said:
Heineken , NBR going the opposite way even though not quite close to your stop yet. What are you seeing now after a couple days into the week?
ProgN said:
No way in hell JPow can cut in June or even this year with these numbers. Idc how he tries to spin it.
My May SLV 28 calls are up 20 percent in only 2 days. Holding.confucius_ag said:
Glad I had some SPY puts loaded.
Not sure what your correlation is here between NVDA and gold? NVDA seems exceptionally ripe for a correction after helping to drive the market north this CY quite disproportionately. I am reminded of an old phrase, 'irrational exuberance.' I admit to buying a little into the AI mania with an ETF in my main self-directed IRA but I am selling that crap asap right now.Heineken-Ashi said:
NVDA/GOLD
This is NVDA if it was priced in Gold. Keep in mind that both are priced in USD, so the value of the dollar is meaningless in this comparison.
What do you think comes next?
The chart is a relationship. NVDA valued in Gold. Gold has just started to break out in a bull market and NVDA has seen the bulk of its big move and is in the chop around phase which could melt higher, but could also retrace pretty hard. I think any of these things can happen for the rest of the year..LMCane said:
please explain what you think comes next for NVDIA
could it not breakout from the channel and move to ATH?
I mean theoretically based on charting, not on what is likely.