Daily Plan 02.13.24
Okay, good morning, good morning, good morning.
DDOG 0.00%↑ , they beat the guidance, appeared light, but it's somebody saying that they reissued the guidance a few minutes ago, so I don't really know what's going on here. SNOW 0.00%↑ was down, and now it's about even. SMCI 0.00%↑ is up, and NVDA 0.00%↑ is right there.
Guys YOU got to trade them, got to trade them. We took META 0.00%↑ right off the bat, sold it for huge gain. Then it was up again. Okay, only NOW 0.00%↑ was down. Everything else was up. Every other position was up. You have to trade them, okay? And if you don't, you get beat up. You get beat up. Don't get beat up, okay?
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That's what we know. Watch chips. You have LRCX 0.00%↑ , AMD 0.00%↑ earnings coming on Friday or Thursday. That can really move it. How far does it go? ASML 0.00%↑ news is good. It's down 30, it's down 40 points from where it was. Guys, it's down 40 points from Friday. Stocks go up, stocks go down. Have to trade them. Then you go on to the next one, okay?
So that's what we know, that's what we know, that's what we know. All the techs down a little bit. Yesterday we bought some hedges and the hedges tripled the SPX, tripled, and the SMCI doubled. It was that simple. But let me tell you, if SMCI and Nvidia go back to the top, everything is going to run. It doesn't matter what anybody says, okay?
So, CPI, it's all about CPI. Once that comes, we're going to see what happens, okay? But you know, all these professors, all these people, it amazes me. Some, I'm pretty sure, and, you know, I went to Michigan. We had this triple derivatives and triple integrals and all this stuff, and his final was insane. I mean, it was a two-hour, one proof. Why would you even do that? Why would you do that? I mean, who in their right mind is going to say, "We have a computer that can solve this, but I think you need to do it by hand." Let me tell you, that, I mean, that's just dumb. People don't understand this. The world is changing. You don't need to know how to do that. All you need to know is what do you need to know? Guys, come on. You need to know is how to create the equation. You just need to be able to do the equation, not solve the equation. That's different, okay?
How big is Nvidia going to be? You got people saying Nvidia is going to collapse the market, all this. I don't think so. Jensen keeps telling you nonstop how amazing everything is. So I don't think that's going to happen. I think their guide is going to be good. I think everything is going to be good on that. Does it give us a chance to get in? I don't know. I don't know. And how far does it go? I don't know, okay? So it's okay not to know. It's okay because then you chill and you wait. And we're making our money. We're making huge, huge, huge money, okay? So just relax and wait and wait and wait and wait and wait.
Today, you want to watch META 0.00%↑ . If Meta can get back through 476, it can run. It can run, okay? So that becomes a huge thing to look at today.
And my DataDog is almost positive. Don't know what they said. Interesting. I think they said something good.
Snowman starting to go. I'm telling you, these are not going down because all you have to do is SMCI had a chance to go down 100 points yesterday, and it didn't. It just stopped. So they're not going down. Other one, ARM 0.00%↑ , keep an eye on it. Incredible, incredible short squeeze. It can go all the way to 180, 190 if it really gets going. The problem is the 180s are $5, really, really insane premium.
Today's the crater day, guys. Today's the crater day now, okay? Order, and he didn't fill enough. Wow, he only filled a few, really. He only filled a few, okay? Now he should be filled, okay? He just filled a few, okay? We didn't buy a lot. 49.50 is at 7. Bought 49.50 is at 7. They were three. Oh, well, it is what it is, uh, okay. Keep an eye on these guys. This hot CPI is bad for tech. This means no rate cut. Bad for tech.
SPX down 54. That puts it at 4970, 4950, 4930. If we completely collapse, okay? Then we see. Then we see. Then we see. SPX needs to get back to 5020. 5020 on the upside.
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