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When To Sell Nvidia
Bounced Off the Rim
Earlier today, I suggested that Tesla was about to reverse lower. I totally nailed this prediction, except for the direction. Instead, the TSLA short squeeze continues apace, making me wonder if Atilla still has his entire portfolio short the stock. I actually think it’s pretty nice that this thing is defying gravity, since a certain someone I know is profiting handsomely from this nutty rise, now in its 9th consecutive day.
What Has Been
Welcome to the One-Day Trading Week. Now that we’re done with all these stupid holidays (stupid with, of course, the notable exception of the inimitable Juneteenth), we’ll have eight solid weeks of non-stupid holiday trading before us. This morning, the jobs report came out, and it was a total snooze-fest, with the made-up numbers equaling the targets. At first, the /ES exploded to new lifetime highs, although shortly before the opening bell it is effectively unchanged.
This Is the End
Finally. Oh, my God, what a wait. There’s no one left.
