Daily Plan 02.14.23
Good morning, good morning!
Stocks go up, stocks go down.
Nice setup now into the end of the week. Let's see what happens. PPI should have been today, but they didn't do it today; they're going to do it on Friday. If PPI is low, we go right back up to 5050 very fast.
But today, SMCI 0.00%↑ gets a 915 target; it's going to absolutely go nuts. NOW 0.00%↑ 10-point pop, does ARM 0.00%↑ squeeze? If it does, 172, 181. Wow!
ASML 0.00%↑ trying to go to… 922 will push it. LRCX 0.00%↑ can move on AMAT 0.00%↑ . Applied Materials ER comes tomorrow. NVDA 0.00%↑ hit 699 yesterday and popped 30, then it went back down near the end of the day, and then popped back up again. It wants to go higher. Target after target over 850.
Now here's the thing. If they split, this is a thousand. I don't care when anything happens; it'll go to a thousand. Then people are going to get massacred, and you deserve to get massacred if you're shorting. Go short anything you want, but don't be shorting NVIDIA; it just doesn't make any sense.
Bitcoin breaking up; huge, huge, huge move. If Bitcoin continues to go, it looks like $61,000. That takes MSTR 0.00%↑ to 1000. Wow, wow! And even COIN 0.00%↑ is moving; their earnings are coming, but it looks like it wants to break up.
UPST 0.00%↑ a little bit better. CEO is a clown, a complete clown. How the hell do you go from like an 11 cent loss or a $25 million loss? This guy is an idiot; that's it. He doesn't know how to run a business, and that's what it is.
NOW 0.00%↑ hit 810-814 last Friday, and it went to 760. So 54 points lower. If and when it closes over 821, it's going to move to 880. So now you have another beast number 821. You just wait and you wait and you wait and you wait and you wait some more.
META 0.00%↑ just can't get going. If it gets over a close over 476, it can spike. It looks like a dividend next week, so they may be waiting to take it next week after the dividend. But today, I like the S&P. SPX going right back up. I like NVIDIA; they're just going to buy it. And SMCI, I think it's going to get to 850 really, really fast.
I mean, and then we see, and then we see, and then we see.
Snowman right back up too. ARM 0.00%↑ looks ready. Seems like “Buy The Dip” is ready… then we see.
Susquehanna raises NVIDIA 850. Check LLY 0.00%↑ at its breakout point 752. Lily is slowly looking better, but it's moved a lot.
So just kind of wait, wait, wait, and that's what we know.
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That's what we know.
Okay, let's get started.
Good morning, good morning, everybody.
Valentine's Day, don't screw up.
If you forgot about it, Sam's reminding you. Go buy some stuff, order all kinds of flowers, buy lots of chocolate, get on a great dinner, and keep yourself in good graces. That way, she doesn't shut your trading account down.
SPX was up 24; it is now up 21. That puts it at 4975ish, 4991, 5,000. Then we see, then we see, then we see. Okay, downside, if it goes negative, it looks like this 4919 is a big number, then 4900, 4853.
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