Daily Plan 12.27.23
Good morning, good morning, good morning!
Stocks go up, stocks go down.
Then we see, then we see, then we see.
It was an interesting day. Not much happened yesterday, but today NVDA 0.00%↑ is going to try again. If NVDA 0.00%↑ tries again, SPX can try again. If SPX gets to 4,800, that's a huge thing.
A guy came on this morning and said, "All these people are predicting we're going to collapse in January." This guy came out and said, "We're going to run like you haven't seen." I actually agree with the run you haven't seen because, look, first of all, all these people, I mean, you can't... If, let's say, the FED is raising rates (just making stuff up), you can't compare stuff and say, "Oh, let's compare all this stuff, but we're not going to add in the FED's raising rate." You have to add it in. Now the FED is cutting rates, okay? They're like, "Oh, recession happens once the FED starts cutting rates."
Okay, maybe, but every other parameter needs to be the same. Has there ever been a pandemic where they put this money in and stuff happened? That's never happened. If it doesn't happen, well, how can you compare the same stuff? I mean, this guy keeps comparing all the stuff, saying how bad the market is and stuff, and he's got 300,000 followers. Not a very intelligent person, just kind of stupid, okay? Because he doesn't factor in that this is an election year, and in an election year in the last 50 years, only two times has it gone down. Two times in 50 years. But let's not consider that because it doesn't fit his thesis. Well, too bad.
So, that's what we know. That's what we know. That's what we know. Where do things go? BA 0.00%↑ is close to a breakout after 266. It rockets. NVDA 0.00%↑ , if it gets through 503, it rockets. LRCX 0.00%↑ is trying to run. AMD 0.00%↑ is flying. Things are getting better. If things are getting better, who gives a... about a recession for, excuse the language, for a month or two? Who cares? Nobody cares. And that's what they don't understand.
Let me tell you this: How do you get a recession when all the rich people in the world took their 5, 10, 20, 30, 40, 50, 60, 80 million and they bought 5% treasuries? If you have 20 million, you get a million a year in interest. Are they ever going to stop spending? Really. I mean, I don't care if the market were to go down 4,000 points, and it's only 4700. So, it goes to 700. The people that have put their money, 20 million in at 5%, they're going to get their 5%, and they're going to say, "I'm going to keep spending. Screw you." See, you have to understand the simplistic stuff.
And let me tell you, other people I talked to somebody yesterday that's starting to get nervous, saying, "Sam, I didn't buy treasuries. I'm sitting on like 30 million because he had TSLA 0.00%↑ ." So, he's like, "I'm about to sell all my Tesla. He still has some. He said, "I'm about to sell all my TSLA 0.00%↑ and go buy 4% treasuries, and I'll get almost one and a half million a year for the rest of my life or for 10 years." Okay, think about that. Then he doesn't care. OK?
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So, you have to understand that. They don't care if it's a point less. Now, they're like, "I'm not going to wait for another point because I may only get two and a half percent." Okay, so interesting. Interesting. Bitcoin not doing nothing. It's trying to get going again. And that's what we know.
But today is all about NVDA 0.00%↑ again. If NVDA 0.00%↑ can get through this 496, it can test 503. Any close over 503, they're going to rip this like you can't believe. And then we see, and then we see, and then we see.
Okay, and that's what we know. And that's what we know.
Okay, let's get started.
Good morning, good morning, everybody. 12/27.
Stocks go up, stocks go down.
TSLA 0.00%↑ trying to go through 262. Dan Ives says the January number for cars delivered this quarter is going to be higher. If that's true, does it rally to 270, 280 next week? Very possible. Now, I understand margins are still lower, but very possible.
DAILY OPTIONS TRADING BULL/BEAR PIVOT POINTS
SPX really not doing much. Needs 4781, 4792, 4800, 4818.
AVGO 0.00%↑ 1152, 1091.
ADBE 0.00%↑ 609, 632, 572.
NVDA 0.00%↑ 496, 503. 506 Accelerator. 481.
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