To The Moon

Breaking about Nvidia from X users Gurgavin and the kobeissi letter NVIDIA SHARES HAVE LOST OVER $280 BILLION DOLLARS IN MARKET VALUE TODAY THIS IS THE BIGGEST 1 DAY LOSS OF ANY COMPANY EVER IN HISTORY. Nvidia stock, $NVDA, has now erased $360 billion of market cap today including its after hours move. It is not just about a single stock but the market went into a dip. The expectations with regards to its revenue and profitability could not be sustained by the overvaluation. Is this a matter of profit taking or stop loss for Nvidia? This could be the reasons. Is the market's expectations leaning towards unsustainable outcome? Where would the funds go? There are expectations of returns and sometimes, these are not sustainable even if these are good companies. Here is an extract from one of

$E-mini S&P 500 - main 2409(ESmain)$ - Daily Chart:The following was written on Friday in the open (free) section of the S/R levels:"The daily and 2 hours candles suggests bullish continuation, unless Monday's futures session brings a surprise. Yes, the close on a Friday is tricky since reversals can come on the futures session between Sunday PM and Monday noon when there is a holiday. I’m not saying that’s going to happen, but I’m sharing with you a couple of surprises I’ve experienced after holidays."See the daily Doji printed on Monday during the futures session. $S&P 500(.SPX)$ - Written also during the weekend: "abandoning $5620 would be a good reference to manage risk......For more risk

With a nearly 9% plunge on the first day of trading in September, $ Intel (INTC)$ shares are now down nearly 60% this year, making it the worst performer in the $ Dow Jones (.DJI)$ index.Of course, Intel's depressed stock price has limited its influence in the index, as the Dow Jones uses a price-weighted calculation methodIntel was one of the first two tech companies to join the Dow Jones Industrial Average in the late '90s during the dot-com boom, the other being $Microsoft (MSFT)$.Intel's reputation and stock price are further damaged if it is kicked out of the Dow.It can't be blamed for missing out on the AI boom, including dropping its investment in OpenAI, and facin