NVDA ER/forecast very impressive but the mkt REACTION was narrow. SP5 had a " Bad Up Day" where index is positive but the breadth is negative (Decliners led Advancing Issues 1.3 to 1).
Open to a tech rally but you need the right areas for positioning
➡️ AI Infrastructure names in Chips, Memory, Fiber, Power and Hardware names did not rally on the great NVDA ER report....that speaks to the shift.
➡️S'ware
$IGV and Cyber
$HACK led the rally as we might have entered the next AI Wave validating AI Agents, Tokens, Compute are creating revenue.
➡️Before this AI Bull is over, perhaps
$NVDA could reach the $10T Valuation (upper chart line)
Jax Hole today is another piece of the market puzzle as Metals/Bitcoin have rallied sharply last few weeks.
$CRCL $ETHE $BTGO $JNUG $NEM $SLV
GMU out tonight!
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