Tech Stock Corrections After Nvidia Posted Earning Beating Expectations
$NVIDIA (NVDA.US)$ We are starting to see tech stock corrections after Nvidia posted earnings. Even though Nvidia beat expectations, however due to its already very high evalutions build into its price for future growth, the earning beat was not significant enough for the institions to continuing holding large amount of Nvidia for the short term. As we can see, the entire week the trade volune for the markets were hitting historical lows waiting for Nvidia reporting. Generally the retailers were continuing to buy driving up NASDAQ and S&P higher and higher each day while institutions are slowly selling into the market. After Nidvia beating revenue by $2B or 3 cents per share, it was a very strong report but was not good enough in the short term to justify Nvidia price and quickly matket sold off.
As from my previous posts this and last week, look to short the markets. All my buys were in ultra shorts like SOXS, QID, VXX, SDS, and SCO just added this one yesterday for ultra short oil. Everything went up slowly during regular market trading hrs and jumped up further after Nvidia reported. Specially SOXS, 3X short semiconductors, very strong upward move just today. We see SMCI went down as low as 26%, WOLF down 15%, INTC down over 2%, AMD down almost 3% and Nvidia down 7% in post market…etc. Will continue to hold these short into Friday and see if markets will continue to sell off for corrections or take profits if Nvidia start to recover again quickly. My feeling is this may be the starting of a bigger correction. Friday we still have PCE and next week jobless claims reporting. Be cautios and will monitor the market movements closely.
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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LittleSoldier : So basically it’s short everything! Fuck actually building something, it’s easier just to tare shit down and make money, hey every one is doing it. Why even pay for things, it’s easier just to steal it right, paying for things and building things are for Suckers!!! There is always another stock to short another store to steal from. Fuck the fact people try to build something they’re stupid!! What Morals were talking about Money not our souls.
we bankrupted all of that’s goal and fun doing it.. We’re going to be rich, don’t have to worry about where we’re going to spend our money cause there won’t be anywhere to spend as long as we’re around us Shorters Together United!!!!!
Don’t these fools know??? When we’re done there won’t be things like retail or company’s hahaha
OfficeOne : That's some super useful analysis, man! Can't wait to hear about your follow-up strategy!
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Indep-guy : wonderful operation![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
learn from you.
102514703 : Since buying SMCI, I have embarked on the path of learning, I am so foolish.
Dr DT OP LittleSoldier : Market never go straight up and never straight down. Corrections are very healthy for the long run. The key is look at facts and cut out emotions. Everyone can make money when market is going up or going down. As the old saying what goes up must come down. What comes down will also bounce up. That’s why I said in the “short term” current price is too high, but long term it can go higher depending on company’s fundamentals. Just don’t chase and expect market will continue to go up indefinitely which does not make sense. Reality will always prevail.
73057967 : That was great insight Dr. DT appreciate you
Dividens4Life : I don't know enough about trading options to even attempt it!
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Jarod Combs LittleSoldier : Chill
Laine Ford : no comment
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