Okay, let's get started.
Good morning good morning, 4/29.
Stocks go up, stocks go down.
I think SPY 0.00%↑ / SPX was up, 10-12, something like that. So you got, uh, 5121, 5152. Underneath 5081, 5052, 5000. And 4950 would be a beast. 4949, actually, would be the beast.
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AVGO 0.00%↑ Broadcom, what a great week. What a great week. This got to 1200, it's 1350. It got to 1200, it's 1350! Very nice. Okay, you got 1391 and 1452. Now, let me tell you something about AVGO. If SMCI rips 150 or 200, and NVDA takes out 909, AVGO can go right through 1400. And then we see, then we see, then we see…
NVDA 0.00%↑ NVIDIA 888 beast, 909, 922, 952.
LRCX 0.00%↑ Lam Research, 951, 991.
GOOGL 0.00%↑ Google, 176.
AMZN 0.00%↑ Amazon, 188, 191.
PANW 0.00%↑ Palo Alto back on the screen, 301, 309. Still another four weeks for earnings…
CRWD 0.00%↑ CrowdStrike . 309, 322.
CVNA 0.00%↑ Carvana. So this is kind of interesting. Car prices are lower, used car prices are lower, but there's two things. If they're lower, they're buying them for less also. So it's not just that they sell them for less, they buy them for less, but that means more people are buying. If that's true, 101, very interesting on Carvana. Actually like the 90s, but they're too high right now. Earnings are this week.
ZS 0.00%↑ Zscaler, 181. If Zscaler is going to pre-announce, it will be this week. Very interesting.
SNOW 0.00%↑ Snowman, 161, 172.
ARM 0.00%↑ Arm, 103, 109.
GS 0.00%↑ Goldman Sachs, 431, 436.
MSTR 0.00%↑ MicroStrategy, all about Bitcoin. Bitcoin leads through 68 and 72. Okay, so just kind of wait.
COIN 0.00%↑ Coinbase, 209 down, 266 up.
META 0.00%↑ META, 409, 416 down, 451 up.
SMCI 0.00%↑ SuperMicro. Earnings tomorrow, 900, 972, 1071, 1272. If we really explode up.
NOW 0.00%↑ in No Man's Land. Okay, kind of lower, kind of four to six weeks of wait. It needs 791.
MSFT 0.00%↑ Microsoft Doing nothing. 391 down, 419 up.
And TSLA 0.00%↑ Tesla flying. 191, 206. This may test 200. They're going to squeeze this today.
Interesting, interesting.
Stocks go up, stocks go down.
Then we see, then we see, then we see. And that's what we know, that's what we know, that's what we know. BEAST numbers, look, it has to get through and go. It's very, they're very hard. But you've seen what happened on it, on NVIDIA. If you waited 10 minutes on NVIDIA, you missed it. Okay? So here's the thing. When you buy, you buy less, and you expect zero. Let's say Sam tells you on NVIDIA beast number is 880. You can buy it now. And does it get through? Maybe you pay $2, you lose money. Maybe it gets through, but if it gets through, it goes to 20. This is up to you, how you do it. Okay? If you want to be absolutely positive, you wait until it gets to 900 and say, oh, it beat 888, and so now I'm going to go buy the 910s. You're going to pay triple, and you're going to worry that you only got one contract instead of five.
So, the buy less works. The go small works.
Every single person that complains and bitches about anything in life is because you overdid what you should have done. Very simple. Not just in trading, in life. Okay?
You go buy a car, you can only afford a $50,000 car, and the dealer sells you a $70,000 car with all these bells and whistles because he's pounding you into the ground to sign it and sign it and sign it, and then you go home and you're pissed off. Why are you pissed off? Because you overdid it. Don't overdo stuff. Buy less, expect zero, grow your account slowly. It's okay to go slow. It's okay to buy it if you think it's going to get through. If you don't think it's going to get through, don't buy it. It's not rocket science. None of this is super complex.
I'm giving you the numbers. I'm not giving you a chart that all these people, these other guys that do morning calls, they're like, oh, this is the chart here, this crosses, this crosses here, and this point, and this point. Really? I'm just giving you a simple number, 888. Does it get through? If it gets through, it's very good. If it doesn't, it goes down. But then even if it goes down, SMCI earnings falls. If SMCI earnings fall, or great, it goes up. If Amazon Web Services dives up, NVIDIA goes up to $888. Then if it goes up and Powell comes down as hawkish, the world goes down. It goes down. News drives the stock. Nothing else.
Very straightforward. Everybody have a great day. See you in chat.
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Daily Plan 04.29.24