Added a little more NVDA at $117.20. Nice bounce from 116's. Healthy position now...more than I want to have really. Stop still $115.
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Misc Stock Market
- Thread starter ForsythSnow
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Added a little more NVDA at $117.20. Nice bounce from 116's. Healthy position now...more than I want to have really. Stop still $115.
I took some dumb otm calls for Friday on the off chance for a news gap and crap short squeeze
GeorgiaGirl
Member
Cooked
Don't necessarily even think it's going to crash, but all the late goers are going to be dealing with a lot of volatility and underperformance.
Don't necessarily even think it's going to crash, but all the late goers are going to be dealing with a lot of volatility and underperformance.
I believe the h100 is still the preferred chip for model training and likely what will continue to be for a while. I don't think Nvidia is going to crash and burn, I just think reality is setting in that 100s of millions of dollars in training costs aren't the only answer
Until someone comes up with something better than cuda, it'll be Nvidia leading the actual AI hardware. I've been in the lookout for that tech, but cuda is just so darn good.
Until someone comes up with something better than cuda, it'll be Nvidia leading the actual AI hardware. I've been in the lookout for that tech, but cuda is just so darn good.
I’ve heard that so many times the past couple of years.
I had every intention of closing this swing out at high $127's...but now...it's time to get greedy. I'm holding...that's a powerful candle.
Triplephase93
Member
GeorgiaGirl
Member
Yesterday was the easy move by NVDA (I’m abstaining, but I really should’ve hopped in as I figured swing/day trade would work), but it’s far from out of the woods.
It will be too easy if a strong bounce off the 200 is “that’s that.” It’d probably be better for sustaining purposes if it retraced half.
It will be too easy if a strong bounce off the 200 is “that’s that.” It’d probably be better for sustaining purposes if it retraced half.
GeorgiaGirl
Member
Now would be a good time for NVDA to bounce if yesterday isn't going to be a one off.
Well this was stupid...I sold when it gave up $125. Not bad...7-8 pts in a couple of days.
Brutal price action in the market...slow bleed in the Qs/SPY into FOMC. I got some SPY on but really feels like we are headed lower...I guess.
How many times are we going to get this headline and NVDA dumps and market dumps...only to get bought back up. I know they do this to flush stops. I added some SPY back at $600.10
Multiple headlines today to take NVDA down after it showed a lot of strength yesterday. Clearly they aren't going to let this move up..it's getting manipulated now. Glad I stopped out when $125 broke.
GeorgiaGirl
Member
NVDA needs a rescue today by Meta/MSFT affirming capex I think, otherwise the low $110's prob next.
Stopped out of NVDA...price action is so aggravating. We are going to wake up one day and this will be gapped up 3-4%...that's after it shook a bunch of people out.
Added some TQQQ here at the 10:30am low...big gap up, flush hard from open right into 10:30am. See this time after time and it's always a good spot to try and swing.
Of course if 10:30am low gets taken out then that would suck. Still got SPY on from yesterday at $600
Of course if 10:30am low gets taken out then that would suck. Still got SPY on from yesterday at $600
Brutal day today...10;30am got taken out with force and now they ripped it higher. Not chasing tech but still in SPY and added a little more at 601.50. Still devasted about NVDA...I so bad want to be in that right now but it's broken so many sell rules.
Nerman
Member
I've got March 21 SPY 600 puts. Lots of them. Will add more if SPY gets back to 610.
Brutal price action...I am so pissed I got shook out of NVDA. I should have lowered my stop to $116.
But look at tech today...down 1.5% in about 60 mins at open...then down almost 1% in 10 mins with the Trump tarrif news.
I am just swinging SPY right now, healthy position at $600'ish.
But look at tech today...down 1.5% in about 60 mins at open...then down almost 1% in 10 mins with the Trump tarrif news.
I am just swinging SPY right now, healthy position at $600'ish.
Nerman
Member
Adding to SPY 600 puts 3/21. Not sure if it will make to 610 before Trump speaks at 3
CELH looks ok...nice position at $24.90...at $25.90. I'm always nervous about these movers...were a headline away from being up 10-20% or down 10-20% and I don't like it enough to risk down 10-20%.
Oh...I didn't know he spoke at 3pm today. He's meeting with NVDA CEO today so that could spur things in either direction.
Nerman
Member
WSJ had reported his 3PM EO signing would include tariffs on Canada/Mexico but he just announced it's off until March 1st. Yesterday he said it would begin tomorrow lol. Markets appear to be shrugging it all off.
GeorgiaGirl
Member
I wouldn't rule out the possibility that we end up seeing no tariffs on Canada/Mexico, while I did feel it was fairly likely as it's been mentioned a lot, the start time being postponed is probably a clue that they're trying to find an exit ramp that also allows Trump to celebrate a win (my thing has been, what looks like a "win" here, the deal with Colombia was easier).
I'd still probably put it close to 50/50, but I'd maybe now be 52-55% that we see no tariffs occur.
For the time being, I think we're at the top of a range though anyway on the S&P and there is room for volatility to pick up for a selloff between mid February and April.
Edit: Well, nevermind on the first paragraph. Would get political, but I'll abstain.
I'd still probably put it close to 50/50, but I'd maybe now be 52-55% that we see no tariffs occur.
For the time being, I think we're at the top of a range though anyway on the S&P and there is room for volatility to pick up for a selloff between mid February and April.
Edit: Well, nevermind on the first paragraph. Would get political, but I'll abstain.
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White House Press Secretary says they’re still planning the tariffs on Canada and Mexico.
Here come the tariffs. Might get spicy
I closed out my SPY and that stupid CELH for a mediocre gain. Market is way to volatile for me....everytime Trump mentions tariff the SPY/Q free falls 1%+.
Got nothing on right now...been a very good Jan but today was frustrating. I should have trimmed more into the highs of the day but got side tracked.
Got nothing on right now...been a very good Jan but today was frustrating. I should have trimmed more into the highs of the day but got side tracked.
I think I might be done swinging for a while....until we see the tax selling capitulate things. DIA with a double top...SPY with a triple top (606-610) area.
Everything about tech is expensive.
I guess if SPY closes above $610 with volume you would have to go long...but I really hope that doesn't happen. We know a correction is coming.
Everything about tech is expensive.
I guess if SPY closes above $610 with volume you would have to go long...but I really hope that doesn't happen. We know a correction is coming.
Could be, although the tariffs could just as easily be canceled tomorrow. The one consistent thing about POTUS is that he’s inconsistent with this stuff.
Which is not good for business. I've seen internal data provided by a well-respected firm forecasting 8% unemployment for 9/30/26 should tariffs and proposed federal spending cuts go through. That would be an extraordinary amount of job losses (4-5 million) but certainly plausible. Proposed federal workforce reductions would get us to 6% alone.
I don't intend to fully bail on the market but ya never know. My industry is forecasting 5% or so growth this year but front loaded because so much has been brought forward since the election to prepare for the uncertainty. At some point it almost becomes a self-fulfilling prophesy.
GeorgiaGirl
Member
I do think some form of tariffs are likely going to happen today.
The reality is that Mexico and Canada have had longer than 31 days to come up with a deal that satisfies Trump, and they haven't.
The reality is that Mexico and Canada have had longer than 31 days to come up with a deal that satisfies Trump, and they haven't.