Good Morning Traders-
Stocks go up, stocks go down.
Then we see, then we see.
NVDA 0.00%↑ is flying!!! TSM 0.00%↑ gave you earnings a few days ago but now they gave us the guide and the guide is great. So NVDA 0.00%↑ is flying!
NVDA 0.00%↑ was very strong, and we kept telling you, “its VERY VERY STRONG.” It’s running. It’s running. It’s running. Jesus. 581-582. 591. Somewhere in there and then 600.
LRCX 0.00%↑ is flying. Taiwan Semi says “chips are selling, and we’ve seen a bottom.” If thats true, then LRCX 0.00%↑ really goes nuts. Lam research really really really goes nuts. 781 800 820. We’ll look at 820s for next week at open.
AMD 0.00%↑ is 166. It’s flying 169 172 181.
SMCI 0.00%↑ exploding 336.
MSFT 0.00%↑ if it can get to 394 it can run.
Guys heres the thing we are in an up market. All these people don’t understand anything. WE ARE IN AN UP MARKET. Doesn’t mean everything goes up every day!
Pretty straight forward right?
Please feel free to comment below if you have any questions. I’m here to help YOU wherever I can.
So KEEP IT SIMPLE! Stocks go up, stocks go down.
Yesterday the market got stupid. They bought BA 0.00%↑ on really, really stupid news. They bought BOEING. The FAA says, “oh we’ve investigated these.” but if they wouldn’t have found anything, they would’ve just told you right away. They’re like, “oh we need to discuss the results.” Oh you need to discuss the results if it says nothing found, nothing found, nothing found? Really really interesting. right. And then we see then we see, then we see.
LET ME GIVE YOU A FREEBIE NO ONE IS TELLING YOU right now guys. BA 0.00%↑ is a carbon copy of TSLA 0.00%↑ numbers guys. Under 209 crumbles. 192/171 comes.
Today is all about chips. So NVDA 0.00%↑ AVGO 0.00%↑ LRCX 0.00%↑ KLAC 0.00%↑ AMAT 0.00%↑ and all the CRWD 0.00%↑ ZS 0.00%↑ and PANW 0.00%↑ but ADBE 0.00%↑ got a huge downgrade to 499 this morning so its not gonna go, but if it ADBE 0.00%↑ can close at 600 on this downgrade then tomorrow and next week it can really really fly. Interesting.
Did not get that news on COIN 0.00%↑. Stuff happens… ok?
Even TSLA 0.00%↑ is getting better and it doesn’t have ANY good news at all. What does that tell you?
NOW 0.00%↑ exploding… could be up 20. So many things are running.
We would love to sell NVDA 0.00%↑ 581 at open right off the bat. We sell those and our AMD 0.00%↑ is gonna explode. Sitting on 165s and 167.5s and then we’re running.
People ask me, “Are you swing trading or day trading?” So here's the thing: people come up with words and they make shit up. There's no such thing as swing trading. There's no such thing as swing trading!
If you go buy AAPL 0.00%↑ and it goes up 10 points, you can either say I'm going to hold it, I'm going to sell it. That's it! If you sold it, they'll call it day trading. If you held it, it's called swing trading. But there's no such thing.
When we buy stuff, we don't buy stuff saying, 'I'm going to swing this.' So no matter what, I'm not selling it. Really? Why would you do that? What if AAPL 0.00%↑ came out with news and the stock went up 50 points and you're going to say, 'Oh, I'm not going to sell it.' Doesn't make any sense, guys. Do things that make sense.
Okay, but chips SMH 0.00%↑ are flying. Do we stay higher and do we run? Maybe. Looks like it's okay. The market is not a down market. If it was a down market, it would have broken 4700 yesterday.
If you have not, make sure you install the chat below for real-time updates.
So VIX, a month ago, $VIX .50 cents went to $50. .50 cents went to $50! Wo. And SPX, was down 60. Yesterday, SPX was down 50. 2 VIX expirations in a row. It's funny. So I'm telling you guys this stuff in the room, chat room, yesterday, an hour into the market. And then Santelli comes on CNBC and says the same thing 5 hours from now. Isn't that interesting? People on CNBC are following Sam. Interesting, interesting.
But all about chips.
As market gets more volatile, and we begin to see some lower prices materialize, I will share more and more names which I like on longer term basis. If you have not already, please subscribe, like and share as it helps me a out a lot with the algos.
Okay, let's get going.
SPX up 20. 4759, 4772, 4791.
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