Is Jensen about to take back the spotlight? While many AI leaders paused on Friday, capital continued rotating into NVDA. That looks like a potential sign that institutional buyers are still defending the AI leader. From a technical standpoint, the setup is getting interesting. MACD momentum is improving, it's reclaiming the 20EMA, and buyers have been stepping in on weakness. The previous risk/reward setup was tight—roughly $1 of risk for a $10 move so far. If the momentum continues building, $NVIDIA(NVDA)$ could be setting up for another push higher. The AI king is still being watched closely.
$NVIDIA(NVDA)$ It's tough to say whether we'll finish red or green today, and honestly it doesn't matter much to me. Long-term investing isn't about today, next week, or even next month. Some traders could really benefit from understanding that perspective. With this stock, it's been green in 11 out of the last 13 years.
$NIO Inc.(NIO)$My put spread on NIO had a 943% return on equity today. I entered the 430P from the open and held a 410P swing position—these contracts moved around 1400% today. It's likely the most insane trade I've seen all year. I called this move here in real time, sharing my entries and everything. I mentioned yesterday that after a move up of over 40 points, the delivery numbers would likely trigger a 'sell the news' event today, and that's exactly what played out.