NVDA opening around $113
- Thread starter Dawgg
- Start date
Not yet. I just bought some Broadcom (AVGO) this morning however. I think they're slightly less overvalued than NVDA right now. I don't think NVDA has hit the bottom yet and they'll be the bellcow of this downturn. I'm using TSLA as my benchmark because these runs have nothing to do with numbers and everything to do with human psychology. Just my thoughts. I get most of my investment advise on Sixpack. I'm down 37%**
Maybe for a day trade, but it's in a confirmed downtrend. In a downtrend you can buy on the bottom of the trend and/or the breakout above it. You sell at the that top and avoid the middle.
Pretty heavy support in the upper 90's. If I were trading these days I'd look at jumping in on one of the 2 blue X's in the following chart. But I am m not because Trump is a wild man right now that could put a 100% tariff on someone today and pull it tomorrow. Makes for tough technical trading. Not to mention, there are lots of recession indicators chiming.
Pretty heavy support in the upper 90's. If I were trading these days I'd look at jumping in on one of the 2 blue X's in the following chart. But I am m not because Trump is a wild man right now that could put a 100% tariff on someone today and pull it tomorrow. Makes for tough technical trading. Not to mention, there are lots of recession indicators chiming.
These next couple of weeks is going to be an incredible time to build wealth.
QQQ as much as I can.
QQQ as much as I can.
Sir, this is a gambling thread, not a wealth building thread.
I have a premium subscription to the IO fund. They are loading up (the last 2 days) on NVDA Blackwell suppliers: APP, COHR, CRDO, & ALAB. They removed their hedges bc they expect a short term rally after this recent puke.
I watched their webinar this morning. It's highly technical, based on business fundamental (good companies like nvdia) and technical analysis (human sentiment, global market trends, etc.). In short, they are forecasting a rip that they then plan to sell over the next couple of months, raise more cash, and a huge downturn will occur in the next 12 months or so to invest for long-term buy and hold (eg NVDA around $80-90).
I am far from knowledgeable in regards to this stuff, but this service has been great for the 6 months or so that I have been a member.
I watched their webinar this morning. It's highly technical, based on business fundamental (good companies like nvdia) and technical analysis (human sentiment, global market trends, etc.). In short, they are forecasting a rip that they then plan to sell over the next couple of months, raise more cash, and a huge downturn will occur in the next 12 months or so to invest for long-term buy and hold (eg NVDA around $80-90).
I am far from knowledgeable in regards to this stuff, but this service has been great for the 6 months or so that I have been a member.
Fyi now would be a good time to buy if you want a trade. Falling knives are scary, but we are at the spot. I could see a trade up to 112ish from 93, but this market is bearish as hell. I'd have a tight stop loss and make sure I took some off the table on the way up to lock in some gains if they happen. Follow the blue line for where I think it's headed now... Longer term, I'm looking at $75 as the spot I want to jump in with both feet for a long term hold position.
Here's a weekly chart of why I like that $75.60 level.
August Dow low was 38720 we are currently at 38920. If we drop below that support, there are some downside risks. I added AVGO to my Roth today. If you have a long window, semis are looking attractive. SMH semi ETF beginning to look good at $182. It it drops to $150, I'll load up
IT was time to buy when I got in at $118 in late January. Since then it's just been a short period of time where people were smart like me, but then mostly people being dubmasses and costing me money by selling too cheap.**
Yup. With the way Trump is defining "reciprocal", there is no way for countries to lower their "tariffs" because they can't just hand wave away a trade surplus in goods. So they are going to be there until he's scared off of them politically, which could happen next week or right before the house is about to vote on removing them.
This would be a great time for one of the activist judges to enjoin all the tariffs based on the non-delegation doctrine. They could abuse their power like they like to do and also inadvertently do something that would help the country by requiring that the legislature actually legislate rather than just do performance art while the executive branch legislates.