@Mungerism:This market rally has been led by NVIDIA.... to know if this is a pullback or start of a reversal one needs to look at the technicals of this stock.  On Friday, NVIDIA's price action showed a reversal engulfing candle, the sign of price reversal. But there has been a few pullbacks before in this rally... why is this time is different ?  The difference is the volume. On Friday, the reversal engulfing candle is enforced by huge volume... 106 million shares transacted, the highest volume in more than a year.  That means it is not manipulated by a small group but a widespread action. If NVIDIA let the market up, it may be the one to lead the market down.... the start of a market reversal... watch the market closely over the next few weeks, especially NVIDIA.

@AyKing:I opened $RIVN 20240328 13.0 CALL$  ,In the weekly chart, after a bearish engulfing candlestick, bullish candlestick was formed. This week, price manage to move above the recent support/resistance level of $11.70. The stochastic also in the oversold region. Therefore, I decided to open this trade, expecting the price to move up from here. The cost of this trade is $1.13. To further reduce this amount, I am also opening bull put spread (credit), which I will be shared in the next post. Testing this “option strategy”. 🤔

@ElsieDewey:$Taiwan Semiconductor Manufacturing(TSM)$ TSM’s #2 customer Nvidia, just behind TSM's #1 customer Apple, could in all probability be paying upwards of $10+ billion this year for TSM to make their chips. (Nvidia paid TSMC $7.73 billion in 2023 per SEC filing) Taking into account how Nvidia alone accounted for only 11% of TSM’s revenue mix in 2023, one can extrapolate that TSM’s #2 customer moves up the stack as the lag time to build + strong order pipeline into 2H24 and 1H 2025 goes up significantly over the “just getting started” output for 2023.  AMD is also likely moving up the stack nicely at TSM on ramped orders for their chips. The list of orders and customers appears stronger at TSM as never before.&nb

@OptionsDelta:mark 3 option transactions, all of which are sell call: $TQQQ 20240419 70.0 CALL$ $SOXL 20240517 50.0 CALL$ $SOXL 20240816 70.0 CALL$ TQQQ sell exercise price 70 I can understand. An out-of-the-money option on delta 0.2 equates to a monthly price move of less than 16%, and the leveraged ETF will fall faster if it moves sideways or down.The SOXL sell ATM call is a little harder to understand, though. Selling at-the-money call options on leveraged ETFs is similar to being bearish, and if chip stocks don't rise, the market has a high probability of a correction.If there are signs of a pull

@CYberviRus:$Semiconductor Bull 3X Shares(SOXL)$  performance is directly linked to the performance of the underlying semiconductor index. Any negative news or downturn in the sector could lead to significant losses in SOXL. SOXL, the Direxion Daily Semiconductor Bull 3X Shares ETF, experienced a positive day on March 6, 2024, closing at $50.22, a significant 7.22% increase from the previous day's closing price. The rise in SOXL could be attributed to positive news surrounding the semiconductor industry. Chipmakers like Nvidia and Taiwan Semiconductor Manufacturing Company (TSMC) reported strong earnings, boosting investor confidence in the sector. The broader market sentiment also played a role. Major indices like the S&P 5

@Ah_Meng:Hi all, if you need my cheers to your perfect goals to generate more attempts, you can add your cheers link to this post and I will pass my cheers over. I have also come to the realization that I need some uplifting as well. Please help me with some cheers if you can... I have attached my cheers link below as follows: https://tigr.link/nONCE?utm_campaign=20221031201028&utm_medium=whatsapp&shareID=4630fea5a038cccc7d7365cde9fb2e39&invite=F9GMCC&lang=en_US&platform=android&utm_source=invite