To The Moon

$NVIDIA Corp(NVDA)$ U.S. stocks closed lower Friday, with the S&P 500, Dow Jones Industrial Average and Nasdaq Composite all snapping five straight weeks of gains. Is the party going to be over soon? Time will tell but first, go enjoy your long weekend! 🥳 The sign is here 🚨 Wall Street paused for a breather Friday following a stronger-than-anticipated producer inflation report that once again caught investors off guard, echoing the heat of a similarly strong consumer inflation report earlier in the week. The Producer Price Index (PPI) for January 2024 saw a 0.3% month-over-month increase, surpassing the projected 0.1% surge, while the Consumer Price Index (CPI) surged by 3.1% year-on-year, exceeding the forecast

Tesla Inc. (NASDAQ:TSLA) rose 4% amid rising optimism that the Biden administration could enact proposed Environmental Protection Agency regulations next month that might speed up the electric vehicle transition. ⚠️ Trading tips: TSLA calls in play above 200 and puts under 195 on Friday. Pay attention to PPI reading at 8:30am to determine the market direction. In addition, it’s OPEX Friday and Monday is a holiday, so most people could be away for a long weekend. Good to size down if trading later. Inverse head & shoulder to the upside Tesla, the electric car manufacturer led by Elon Musk, may finally enter the Indian market soon. A new report suggests that the Indian government is close to finalising new import duties for global EV makers like Tesla for cars priced beyond Rs 30 l

$NVIDIA Corp(NVDA)$ Don't get me wrong. I'm bullish for 2024 but the meteoric rally is really unsustainable. A healthy pullback of 5-10% is likely to come soon. Could it happen with the CPI news or NVDA's earning in the week(s) to come? Wall Street is poised to wrap another week of gains, with the S&P 500 index surpassing the 5,000 mark and the Nasdaq approaching 18,000 points. For the two indices, this marks the fifth consecutive week in the green, the 14th positive week out of the last 15, indicative of the impressive rally fueled by optimism surrounding artificial intelligence. Watch out for the support lines Shares of NVIDIA Corp. (NASDAQ:NVDA) are already up nearly 50% since the beginning of the y