To The Moon

$NVIDIA Corp(NVDA)$ Across The Board Tumble. On Thu, 11 Jul 2024 when a cooling June CPI inflation was released, US market took a tumble instead of charting new highs. This was because investors have decidedly switch focus to interest “sensitive” stocks and ETFs. As a result, Nasdaq fell -1.95% or -364.04 to 18,283.41. (see above) Leading semiconductor stock Nvidia was not spared either. On Thursday, Nvidia fell by -5.57% to $127.40 per share. (see below) Technically. As of Thu, 11 July Nvidia stock price: - Is above its moving averages of 200-day, 50-day and 20-day. - Has a relative strength index “neutral” reading of “56”. Based on that, Nvidia is still has room to climb higher as it is neither “overb

$Broadcom(AVGO)$ $NVIDIA Corp(NVDA)$ Definitely not selling any NVIDIA. I’m still working my way through Broadcom. As far as I can assess, my case for Broadcom is like going to a bar and ordering two of the same cocktail. Both are great and apparently the same, but oje might have a bit more zing to it than the other. Trying to differentiate which is best is still seeming very abstract like that, but I can sort of see why Pelosi might be loading $5 million in options on Broadcom vs adding $1.7 million shares to her NVDA.

$Alphabet(GOOG)$ $Alphabet(GOOGL)$ From a purely fundamental standpoint, Google looks a bit shakey; and from a technical standpoint it has a Very High RSI. However, continuing the technical, a trendline or three (mean, max, min) tells a story of a pretty constant upward trend. Market psychology is giving it AI play momentum, and rightfully so. I get that in major market upsets the best fundamentals will save you, but I also understand that is a Real Difficult way to "beat the market"

I opened 1 lot(s) $LULU 20240719 310.0 CALL$ ,New covered call for lululemon. I didn’t close the previous position of tonight’s covered call as I think it is basically impossible to hit strike

What was meant to be a joyous celebration did not materialize. On Thu, 11 July 2024, US inflation - the consumer price index for June 2024 was released. (see below) Readings were “better” than Wall Street forecasts but instead of charting new “highs” (like the past few days), both S&P 500 and Nasdaq indexes tumbled. Headline Inflation (June 2024) US core CPI (MoM) came in at 0.10%, lower than forecast of 0.20% & lower than May’s data of 0.2%. US core CPI (YoY) came in at 3.3%, lower than forecast of 3.4% & lower than May’s data of 3.4%. Taking into considerations what Mr Powell had said in his semiannual testimony at Capitol Hill that: US central bank is “concerned that holding interest rates too high for too long could jeopardize economic growth”. (see above) Interest Rate Cut