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The situation being a changeable dynamic there's no clue here as most involved in the process can change their mind- in the speed of light.
The guessing game is hard to guess, lol. However, we have a clue looking back of the behavior of those who buy NVDA in general. Most tend to behave and approach shares exhibiting an addictive spirit. Would that habit change at this time? Interesting to know. GLTA
Mastool
PANW share price Long Tail Down today on 21-Feb-2024. A positive for the short term. GLTA
Market Briefing: A timid performance so far
11:22 AM ET, 02/21/2024 - Briefing.com
The stock market is acting timidly today, showing reserve in the wake of a blowup in Palo Alto Networks (PANW 268.79, -97.30, -26.6%) after it issued disappointing guidance and ahead of NVIDIA's (NVDA 681.74, -12.78, -1.8%) earnings report after the close.
The former has created some nervous energy in front of NIVIDIA's report that has led to profit-taking elsewhere in other high-performing stocks. Entering today, PANW was up 24% in 2024 and up 55% from its late-October low.
Before getting to the NVIDIA report, though, the market will also be forced to process the minutes for the January 30-31 FOMC meeting, which will be released at 2:00 p.m. ET. Those minutes are expected to convey the Fed's more hawkish mindset that is still favoring a higher-for-longer approach when it comes to the target range for the fed funds rate.
Comments from various Fed officials in the interim, including Fed Chair Powell, that connote wanting to see more data before cutting rates should take some sting out of today's reading of the minutes.
The pressing question on the market's mind is, will it get stung by NVIDIA's results after the close? That is why there isn't much conviction on the buy side today. Nonetheless, the selling interest has been more concentrated in specific areas as opposed to being indiscriminate across the market.
In fact, the equal-weighted S&P 500 is flat; and advancers hold a slim lead over decliners at the NYSE. The tables are turned at the Nasdaq where decliners lead advancers by a nearly 5-to-3 margin.
Strikingly, there are only two S&P 500 sectors that are lower. The problem for the market is that they are two of the most heavily-weighted sectors: information technology (-0.9%) and health care (-0.2%). The best-performing sector is energy (+1.6%), which has gotten a boost from rebounding natural gas prices ($1.75, +0.17, +11.0%).
Meanwhile, Walgreens Boots Alliance (WBA 21.77, -0.55, -2.4%) is getting the boot from the Dow Jones Industrial Average. It will be replaced by Amazon.com (AMZN 168.40, +1.32, +0.8%) prior to the start of trading on February 26.
The S&P 500 and Dow Jones Industrial Average are down 0.1%; the Nasdaq Composite is down 0.4%; and the Russell 2000 is down 0.5%.
PS: Momentum for NVDA is strongly bearish. The 14-period Slow Stochastic Oscillator is falling, as investors sell shares and drive the price lower. Today's volume is in-line with the norm for this point in the day, with 31,700,517 shares having traded so far. The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure by traders. As of 1:25 PM ET Wednesday, 02/21/2024
You won't regret buying it, imo at that price. I have followed this stock and knew all along it's a winner.
However, got into several other stocks in the meantime. I would have bought it but now I need funds for taxes. I think you'll do well. GLTY
Thanks for keeping us updated about PANW. GLTY
The game requires management to make it feasible as speculation gets too excessive and of higher risk to the system . The call options got out of hand and needed intervention probably. Just my thoughts at this time. One could even explain it by the worsening geopolitical aggravation which is sadly affecting the markets as well. It's getting really exciting though.
Nvidia's stock rally sputters ahead of quarterly report
11:50 AM ET, 02/20/2024 - Reuters
Feb 20 (Reuters) - A scorching rally in Nvidia's shares this year came to a halt on Tuesday as investors worried if the high-flying chip designer's quarterly results would justify its towering valuation.
The stock fell 5.3% to $687.91. If losses hold, it could be the biggest percentage drop in more than eight months.
Nvidia has been at the heart of the frenzy around artificial intelligence (AI). A more than 40% surge in its stock this year helped it replace Alphabet as the third most valuable U.S. company, behind Microsoft and Apple.
The market capitalization of Nvidia was $1.79 trillion on Friday.
"The market is maybe a little bit hesitant whether they (Nvidia) can deliver a strong enough guidance to reinvigorate the market even higher," said Frank Lee, head of technology research at HSBC.
The company will report quarterly results on Feb. 21. Analysts expect earnings of $4.56 a share and revenue to rise to $20.378 billion from $6.05 billion a year earlier, according to LSEG estimates.
Still, Nvidia's eye-popping run this year that pushed it to new peaks and powered gains in U.S. stock markets could make the stock vulnerable if earnings are less than stunning.
"You can't come out and simply meet or slightly beat for the stock to go higher, Nvidia's going to need to blow it away," said Dennis Dick, a trader at Triple D Trading.
Nvidia options are pricing a swing of about 11% in either direction following results, according to data from options analytics service ORATS.
Other AI-focused stocks such as Super Micro Computer fell 11.6% and Arm Holdings dropped 7.3%.
Advanced Micro Devices was down nearly 6%, having recorded double-digit gains on a year-to-date basis.
Nvidia's shares are trading at 32 times its forward earnings estimates compared with the industry median of 25.4. (Reporting by Sruthi Shankar in Bengaluru, additional reporting by Arsheeya Singh Bajwa and Bansari Mayur Kamdar; Editing by Shinjini Ganguli)
PS: Today's volume is on track to be heavier than usual, with 44,337,916 shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers. As of 12:43 PM ET Tuesday, 02/20/2024
The Daily is in downtrend mode at this time. We shall see where price will be at close of market and at AH today. Getting more exciting! GLTA
NVDA share price Double Bottom Breakdown on 20-Feb 2024. GLTA
Tesla share price High Pole Warning on 20-Feb-2024. GLTA
Sold 40% of my shares at $25 this week. Although PLTR is in the right industry, I feel that its management makes makes me uneasy. Have been holding this stock almost after it's IPO and it was to be promising. But several years later it became a race to the bottom. It's only few months ago that my long term accumulation ave. cost turned positive. I have changed my view and regard it as a swing trading stock.
Given the circumstance, investors have risen to push sizeable price jumps recently in the market. There seems many have lots of funds and are in a position to chase and reward innovative pioneering companies in the Energy, EV, and the AI industry. This is the beginning of the AI industry. I wouldn't be surprised if NVDA gets what it deserves soon or later. We shall see. GLTA
It's always a great experience when taking the family to Disneyland. And yet we are in bad weather in a severe Winter.
Come Spring and Summer, bigger crowds are going to go to Disneyland for that unique fun and special entertainment.
Disney stock share price is already rising under the good leadership of CEO Bob Iger.
I am looking forward for my DIS share for continued positive performance. It is among the good stocks in my port. GLTY & GLTA
I feel his Feb 8, 2024 post, reveals his interpretation of NVDA closing price of NVDA at $696.41... and its commanding position as follows... "Shooting start sell signal today. Could be the very top for a long time.".
I think a bit questionable when the large following for NVDA position at this time is based on the fact that of its being in a leadership position among the many AI stocks in the market. Just IMHO.
One needed condition was met as the 5/20 crossing occurred on Friday, 16-Feb-2024.
Next week, hopefully expected is the confirmation by the Weekly. We shall see. The Uptrend in the Dailies has been steady and continuing for the past 8 trading sessions.
In addition to the confirmation, hopefully the Demand Volume increases as well. The increase was modest in the past week. Granville used to say "the volume is the fuel in the Choo-Choo train in order to climb uphill". The chart is looking good. Hopefully we have exciting times ahead. GLTA & Happy Holiday.
Interestingly, some technicians are seeing a reverse head and shoulders as well. We shall see next week. GLTA
What we need to see soon, is the crossing of the 5/20 tomorrow and soon a confirmation by the Weekly of the new Uptrend in the Tesla share price. These markets are subject to the economic data like increase in the inflation also geopolitics. We shall see where we are heading. GLTA
My entry point was when share price was about $482. It was based on the crossing of 5/20 and I would only think of probably some selling that is convincing would be at the time should a reverse crossing happen.
As of this time the lines (in the Dailies) are well separated (and in parallel) both rising. Both the Dailies and Weeklies are in sync in UPTREND. That would be my guidance. Well, selling based on guessing and emotions as the length of the price rise for taking profits is another choice. But this stock commands and uncommon chart needs some respect and should merit careful handling, lol. GLTA
For a long time seeing Tesla share price at lower market levels I seem to have been conditioned to keep my expectations low. Come on Tesla you can do better. Go ahead and surprise me! Go Tesla!
PS: Tesla share price up-move helped raise my port value by 2% as of this time.
The Magnificent Seven comprises Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), Tesla (TSLA), and Alphabet (GOOG/GOOGL). These names aren't new and have all been in the S&P 500 for at least the past five years (most even longer).
Other than META & MSFT, I have shares in the rest five companies, TSLA being the largest in value. GLTA
Tesla share price Double Top Breakout today on 15-Feb-2024. GLTA
Symbol TSLA
LastQuoteHelp 187.21
Change +3.19 (+1.73%)
Bid 187.18
Ask 187.21
High 187.47
Low 183.35
Volume 54,189,898
Time (ET) 1:52:42 PM
Furthermore, pinpointing entry/exit points that I use is of the interaction of 5 and 20 ma has not yet arrived at the actual crossing point right now, though it looks moving towards to. We shall see. It's getting more interesting.
The chart looks getting more positive at this time yet the Weekly has not confirmed the uptrend we are in today for the sixth session. Question of risk taking and risk taking tolerance. I would certainly wait for the end of this week until Weekly confirmation should it happen. It's a personal decision and a matter based on risk tolerance and the extent of comfort one has, imo.
It reveals the power of strong feelings and emotions and how it can replace one's focus from trying how best to make money in the stock market. Being human gives one the right to attend first to what they think of having their urge and desire for remedy. Hence the majority of participants have a serious challenge for success. Such is life.
Topfuel, it's good to hear that you know where to look for your guidance in trading. You are on the right path. Besides, the benefit one gets following the market itself, it can also help to establish the methodology and discipline much needed in trading. Unfortunately, FUD, misinformation and noise tend to be abundant in the arena. More power and GL to you.
MSFT share price Ascending Triple Top Breakout today, on 09-Feb-2024. GLTA
PS: All I need to make the price go down... is to buy shares of this company, lol.
Today is the third daily session of the uptrend in the Dailies. What we look for hopefully soon the confirmation of the Dailies by the Weekly of the change in trend. GLTA
The chart looks like AMZN attempting to mimic NVDA behavior...
Disney share price Long Tail Up today, on 08-Feb-2024. This suggests possibility of share price likely adjustment given this rapid rise. Profit taking is part of the game following such a rapid rise in share price. We shall see. GLTA
$190.42+$2.84(+1.51%)
Market open: 11:16:03 AM ET, 02/08/2024
Bid/Size $190.42/3
Ask/Size $190.45/1
Previous close $187.58
Today's open $189.00
Today's volume 34.3M (Below Avg.)
GLTA
PS: This is a guess... just like most things in the future.
PSTG share price Double Top Breakout today, on 08- Feb-2024. GLTA
I feel sorry and sympathize with you. And I hope you won't let negativity from past hurts mar or interfere with your potential for success ahead. GLTY
Awesome persistence and continuing to shoot higher... even when Oscillators are in max. How long can price maintain keep soaring? The most recent drop fizzled out way before I expected price to fall closer to the 600 area. I still insist seeing it there, lol. What's wrong with this stock? lol.
Took profits off the table by selling about 20% of my pltr shares at $23.50
Unfortunately, this company and its management still not gained my respect. GLTA
Dis has been in breakout mode since Jan 22, 2024 and my shares price in the positive finally.
The future is going to be brighter than now for this industry. Adding more shares at this level and if it drops lower it will make good sense. We shall see. GLTA
Low Pole Reversal, today, on 06-Feb-2024
"Once again, we see TSLA's shares collapsing, and although it is trying to react, the situation is extremely dangerous. Are there any technical indicators suggesting a possible recovery? Yes, and we'll cover them today. Bear in mind that the overall market is very optimistic, but when will this optimism infect TSLA again? Because, so far, TSLA has been the only one among the M7 that has been bearish.". Weekly chart looks slightly better. There is some hope that share price may jump out of this slump. We shall see. Better luck.
Enough time for NVDA to hit $700 today. However why the hurry? This is a marathon race not a 100m rush. GLTA