A week ago, I decided to finally wash my hands of Nvidia. This thing is like Kryptonite for bears. That tiny tint I’ve put on the chart shows just how little it would need to move to make yet another lifetime high (since, ya’know, a P/E of 117 is such a bar-goon).
The earnings reactions, as illustrated by good old Slope, notes that the past three reports have provided blowout moves to the upside. NVDA reports after the close next Tuesday, the 21st. Clearly another blowout is expected. Let’s just all agree with any dip in NVDA would make bulls weak in the knees. But I ain’t countin’ on it.
