🚨 JENSEN ON $1T TECH WIPEOUT: "THIS IS GOING TO PASS"
🚨 Tech stocks lost $1 trillion in market value in a single day. Jensen Huang had just one thing to say: This, too, shall pass.
1. On October 17, tech stocks lost $1 trillion in market value in a single day. Huang commented that day: “This is going to pass” (24/7 Wall St.).
2. The Nasdaq 100 fell 5.5% this week, its biggest weekly drop in 18 months. The weekly performance gap between the Nasdaq and the Dow widened to its largest since July 2002.
3. Also this week, Nvidia’s RTX Spark laptops went on sale. Priced at $2,599, they drew plenty of onlookers but few buyers (Business Upturn).
My take: He can say that because he holds the order book—not you.
What to watch: Can the Nasdaq 100 recover this week’s gap next week? If it can’t, those words will be remembered as a top-of-the-market quote.
$NVDA #TradingStrategy #NasdaqDowWeeklyGapWidestSinceJuly2002
Do you trust Jensen Huang’s words, or this weekly chart?
——
Fully quantitative trading, capturing every market opportunity.
🚨 Tech stocks lost $1 trillion in market value in a single day. Jensen Huang had just one thing to say: This, too, shall pass.
1. On October 17, tech stocks lost $1 trillion in market value in a single day. Huang commented that day: “This is going to pass” (24/7 Wall St.).
2. The Nasdaq 100 fell 5.5% this week, its biggest weekly drop in 18 months. The weekly performance gap between the Nasdaq and the Dow widened to its largest since July 2002.
3. Also this week, Nvidia’s RTX Spark laptops went on sale. Priced at $2,599, they drew plenty of onlookers but few buyers (Business Upturn).
My take: He can say that because he holds the order book—not you.
What to watch: Can the Nasdaq 100 recover this week’s gap next week? If it can’t, those words will be remembered as a top-of-the-market quote.
$NVDA #TradingStrategy #NasdaqDowWeeklyGapWidestSinceJuly2002
Do you trust Jensen Huang’s words, or this weekly chart?
——
Fully quantitative trading, capturing every market opportunity.