Weekly scorecard: in the week Huang stepped down, Nvidia fell 12.7% while the Nasdaq 100 gained 3.5%.
→ Nvidia hit an intraday low of $148.8 on Thursday, then closed the week at $162.85
→ S&P 500 +2.5%, Borsa Istanbul +3.1%, USD/TRY +0.5%
→ Gold −4.6%, Bitcoin −9.9%, US 10-year yield up 28 bp to 5.14%
I think the index carried one stock, but if yields stay above 5%, it can't carry that load for long. Worst case: if Nvidia breaks below $148.8, the Nasdaq 100's gains this week get wiped out; that's the level I'm watching.
#Stocks #Nvidia
Watching: $NVDA $QQQ $SPY
→ Nvidia hit an intraday low of $148.8 on Thursday, then closed the week at $162.85
→ S&P 500 +2.5%, Borsa Istanbul +3.1%, USD/TRY +0.5%
→ Gold −4.6%, Bitcoin −9.9%, US 10-year yield up 28 bp to 5.14%
I think the index carried one stock, but if yields stay above 5%, it can't carry that load for long. Worst case: if Nvidia breaks below $148.8, the Nasdaq 100's gains this week get wiped out; that's the level I'm watching.
#Stocks #Nvidia
Watching: $NVDA $QQQ $SPY
