To The Moon

after the much awaited gtc, $NVIDIA Corp(NVDA)$  sold off during overnight trading. inflation data came in hotter than consensus. this is making the fed push back plans to cut rates in the second half of the year. looking at the pnf chart of nvda, it is a long pole up. this signals that there will be a period of consolidation. the price will fluctuate in a trading range for a long period of time before making new high. this will occur when the majority laggards join the generative ai craze or when the fed signaled interest to cut interest rate. 

nvda has potential to run up to 966, but it would take about a year. the consolidation phase will take about 6 months or more. 

$Invesco QQQ Trust-ETF(QQQ)$  can run up until 494 but once the ai led rally and early fed pivot rally lose steam, it will most likely go into consolidation mode. it will retrace to 405 and keep in this range for a long time.

$US2Y(US2Y.BOND)$ is trending up upon inflation resilience. it is unlikely to make a new high unless the fed hikes interest rate or stop unwinding balance sheet.

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars for coins and vouchers

merci beaucoup@TigerWire for interesting topics

merci beaucoup@Asphen for sharing insights

merci beaucoup@koolgal for tagging