NVDA earnings after the close is obviously mucho importante to the Q's. Therefore not much will happen likely till AH.
%% NO keep posting\ when you have time; many simply dont like to disclose/ a whole lot. By the way have you or anybody ever got some good hints about a partial fill , or brief partial fill....on super liguid stuff?? I remember one SEPT obvious real good short on SPY[or buy SH, SDS..... some times , same trade more or less]; + got a partial fill on SH exit which seldom EVER happens. Considered getting out @ market exit but trends were so good I just let limit order lay + worked out fine. BUT downtrends are usually not as good SEPT SPY [SH in this example] , so I'm figuring that could be an occasional short term warning LOL?? Lifelong learner , inVerse ETF learner
Man, you are always so angry and bitter. Banned for speaking the truth about this market, OK? I have no control over this market, but it's obvious that all dips are being bought. If that were to change, I would be the first to tell you, but it ain't happening anytime soon. And posting trades, well again this is a very public forum and that is not going to happen. At the end of the day we are all here to share thoughts and make money. It's not some kind of competition.
Yes, it;s on Wednesday. I also made that mistake earlier this week in my posts. Thats why it stalled out a bit and is consolidating here. So QQQ 460 happens next week. At this point with the green monthly candle there will hardly be any downside and I can't see even the possibility of any drop other than a random day or 2 until August. The Monthly chart is so bullish and the volatility is so dead, that there's just no way this market is going down anytime soon.
%% THAT sounds right, looking ahead LOL\ sorry QQQ has not beat SPY 2024, it usually does, maybe that explains QQQ sell off ?? I like a good uptrend , but I always required a lot better % gain in QQQ compared to SPY. QQQ l slippage may average more ,so all the more reason perhaps they sold it thru 1;00 CST+/ today. I dont have any idea where QQQ or NVDA closes??
cnbc.com Nvidia’s earnings will be in focus next week as stocks try to sustain record levels May. 17th, 2024 All eyes will be on Nvidia next week as investors consider what’s next for the AI trade. Stocks have reached all-time highs this week, crashing through one milestone after another as cooler inflation data cheered investors worried about a Federal Reserve that could keep interest rates higher for longer. On Friday, the 30-stock Dow was headed for its fifth straight winning week, a streak it hadn’t made since February. The S&P500 and Nasdaq Composite were each on pace for a fourth straight week of gains. The Dow Jones Industrial Average topped the 40,000 threshold for the first time ever. The S&P500 broke above 5,300, also for the first time. The S&P500 has notched record close after record close in 2024. But what’s different about this most recent advance is that the broad market benchmark has managed to notch its latest all-time high without the help of the “Magnificent Seven” that so wholly dominated the early part of this year’s rally. This quarter, the top-performing S&P500 sector is utilities, higher by 9%, followed by communication services, up by 4%. The worst-performing sector is consumer discretionary, which is down by more than 2% and includes the megacaps Amazon and Tesla. But Nvidia’s earnings results next week could reinvigorate a trade that still has the power to propel markets higher, backed by investors animated by the transformative potential of AI. The $2.3 trillion company is the third-largest S&P500 stock by market cap, and has an expected move of roughly 8%, meaning the stock could move up and down as much on its quarterly report. In other words, the results could be a market-moving event given the chipmaker’s sheer size and popularity. “Nvidia will be the stock that doesn’t make it as boring as it has been on this rally because when utilities are leading and financials are leading, they’re not headline makers,” said Jay Woods, chief global strategist at Freedom Capital Markets. “Nvidia is a headline maker, so I can’t wait to see how the market reacts to that.” For investors, the results could help the major averages continue to move higher — or put a dent into their momentum. By now, investors are used to Nvidia beating expectations in its earnings reports, as exorbitantly high as they are. In fact, Piper Sandler’s Harsh Kumar, who has a buy rating on the stock, said he anticipates the chipmaker will beat revenue expectations by $1.5 billion to $2 billion in its upcoming report. Over the last three quarters, Nvidia’s top-line beat by $1.9 billion on average, he noted. Kumar expects that means markets could take it in stride if the chipmaker meets or somewhat exceeds expectations. As far as AI investors are concerned, however, what’s most important is what CEO Jensen Huang may share in terms of future demand for the Nvidia’s products. While the firm’s newest generation of AI graphics processors called Blackwell are expected to be “astoundingly better” compared to competitors, Kumar said, investors are seeking signs that demand continues to remain robust, and orders remain on track. Strong guidance has the potential not only to lift Nvidia, but also the broader AI trade as software names take more of a backseat lately. “That’s a fresh catalyst” for that theme,” Horizon Investments’ Zachary Hill said. But investors may be less forgiving of a disappointment from the market darling of the past year. Chris Zaccarelli, investment chief at Independent Advisor Alliance, said he could see the broader markets sell off by “more than 1%” — in fact, by 1.5%, 2%, or “something worse” — if Nvidia’s messaging spooks investors, largely because of the place the chipmaker holds in peoples’ imaginations. “Nvidia really is the poster child for the AI revolution, for all the excitement people have about potential productivity gains and a new era of computing through artificial intelligence,” Zaccarelli said. “So if they can continue to exceed expectations, I think that does a lot towards driving sentiment higher.” “Conversely, if they give a bad forecast or a disappointing earnings result, I think a lot of the positive sentiment that we have had this week could reverse,” Zaccarelli added. Still, the view on Nvidia outside of next week’s earnings report is more sanguine. Regardless of how Nvidia’s stock performs after the firm’s results, investors expect the long-term story is still intact, and many anticipate that any dips in stock price will be quickly bought up. Nvidia is up nearly 87% this year, but has only gained more than 2% this quarter. “Regardless of how they perform, I still think over the long term, this should be in everyone’s portfolio to some magnitude,” Freedom Capital Markets’ Woods said. “It is the leading AI play.” Sustaining all-time highs Nvidia’s earnings will also be a key catalyst at a time when technicians are watching to see whether stocks can sustain the record levels they reached this week. Fairlead Strategies’ Katie Stockton said she is watching to see if the S&P500 can keep above the 5,260 resistance level through next Friday, a confirmation of the breakout that would be a bullish development for stocks. But the technician is also concerned that there could be further weakness ahead, citing mixed signals in momentum indicators. “The short-term gauges, momentum wise, of course, point higher, but the intermediate-term gauges point mostly lower,” Stockton said. “So, we still have a situation where we feel the market is vulnerable to one more downdraft to the corrective phase that began in April.” “So, we’re sort of watching and waiting to see how it plays out,” Stockton added.
Apparently Deutsche Bank has upgraded it's S&P 500 Earnings forecasts for the end of the Year, based on Economic growth. Interesting.