I figure the past 1000 S&P points or so were because of the AI trade. Need to keep an eye on DeepSeek.
our economic model is based on valuations, not on cash flows. nvda shredded two cisco value today, avgo went back below 1t. i bet these majors will have to pause on capex until a clear picture. there is no reason for 45 degree uptrend for the last two years because of openai. https://www.cnbc.com/2025/01/27/nvidia-sheds-almost-600-billion-in-market-cap-biggest-drop-ever.html Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history 3 ticks on 5 lots trade is good
Tomorrow opens gap up and closes green. I'm not uncertain. But I'm not betting the farm either. Maybe. I figure a big deal of it is dumb money / passive funds which simply flows into the market without any discretion. They're not likely to stop after today's drop. If anything, this is a bargain.
Here's all my trades today Both futures and spreadbet Ended up being a very green day. Made a mess of it in parts on the ES, but overall, ,kinda my sort of action. Back to the grindstone tomorrow, but should be back at the screens end of the week That 200 ym point winner looks tiny on that chart!! It went another 500 points or something without me!! It's an absolute beast! Will look to buy again on pullbacks on ym I guess!
Hanging onto my short from 6113. Between the DeepSeek news, Trump's tariff threats, and what appears to be a massive double top... I thought about adding on today but decided to hold off. Edit: Oh, and treasury yields. Let's not forget about those pesky fuckers.