🔴 NVDA remains weak | Be cautious chasing AAPL's rebound | Don't buy the dip on PLTR
Our previous call not to chase PLTR was right: it closed at 171.7 (-2.1%). Our call not to chase NVDA was right too; it closed at 200.1 (-3.2%).
The Nasdaq closed yesterday at 25736 (+1.4%). The broader market rebounded, but performance was mixed under the surface: software and consumer stocks were strong, while AI infrastructure was weak.
$NVDA closed at 200.1 (-3.2%). Concerns about data center regulation remain; the outlook around 200 is still bearish, and a breakdown could mean further downside.
$AAPL turned positive overnight, closing at 349.5 (+5.3%). Don't chase the rebound; wait for a pullback before deciding.
$PLTR drifted down to 171.7. High-valuation stocks are still selling off on news; don't buy the dip.
AMD surged to 514 on a gap, then pulled back to close at 488.8—don't chase. TSLA is weak at 385; INTC remains soft at 58.3.
Risk appetite has improved somewhat, and BTC is holding above around 80,000, but don't expect it to single-handedly lift chip stocks.
This is not investment advice. Manage your position size carefully 🚬
#USStocks
Our previous call not to chase PLTR was right: it closed at 171.7 (-2.1%). Our call not to chase NVDA was right too; it closed at 200.1 (-3.2%).
The Nasdaq closed yesterday at 25736 (+1.4%). The broader market rebounded, but performance was mixed under the surface: software and consumer stocks were strong, while AI infrastructure was weak.
$NVDA closed at 200.1 (-3.2%). Concerns about data center regulation remain; the outlook around 200 is still bearish, and a breakdown could mean further downside.
$AAPL turned positive overnight, closing at 349.5 (+5.3%). Don't chase the rebound; wait for a pullback before deciding.
$PLTR drifted down to 171.7. High-valuation stocks are still selling off on news; don't buy the dip.
AMD surged to 514 on a gap, then pulled back to close at 488.8—don't chase. TSLA is weak at 385; INTC remains soft at 58.3.
Risk appetite has improved somewhat, and BTC is holding above around 80,000, but don't expect it to single-handedly lift chip stocks.
This is not investment advice. Manage your position size carefully 🚬
#USStocks
