I went long NVDA, too, after META, GOOGL and MSFT all raised capex on AI. Closed above 20, 50, 200 daily SMAs, 5 & 9 daily EMAs, and approaching 61.8% ($890.75) retrace of $756.06-$974 low/high. Notable that KISS didn't go long (unless not yet updated). Matt/Steve , your opinion on NVDA would be greatly appreciated. Thanks much,

While the current AMD stock price may be attractive technically, Intel's (INTC) recent earnings report signals potential headwinds. INTC reported weakness in the PC segment and softer-than-expected data center demand, excluding AI. Given the competitive landscape, it may be prudent to temper expectations for AMD's Q1 2024 results on April 30th. The PC market slowdown and muted non-AI data center demand could impact AMD's Client and Data Center segments. If you plan to take a position or add to an existing one, consider keeping some powder dry. This way, if AMD's earnings disappoint and the stock dips, you can add at more attractive levels. AMD valuation 29x next year EPS vs NVDA 28x at last night's after hours 8PM closing price. Considering NVDA AI exposure, it is arguably better positioned from end-market perspective for upcoming earnings than AMD. One other factor to note: April is one of the worst months seasonally for Semis, while May is a positive month (90%).

Anjali25, are you a seal, or a fisherman?

SPY QQQ 30 min w fibs and downtrend lines

Hi Steve, Presumably the demand zones you depicted remain valid and independent of, and into, tomorrow's PCE report. Or, perhaps since they were already "hit" this morning, not as good for sloppy seconds?  Your confirmation would be appreciated. 

JK

Please don't blow up my house. Thank you, your host (also a BP member)

Matt, For those of us who either missed the entries, or were waiting for better prices, is this the correct way to look at the average entry prices? the most favorable entry price (highlighted) coincides w top of Steve's demand zone. Thanks for the help.

VIX <50% retrace longer term and <38% near term

Matt, to be clear, it looks like the VIX top end standard 2.0  BB is 16.05, today. So if the VIX closes at 4:00pm under 16.05, one would buy the SPY after the close, anticipating an exit on the subsequent close (Monday)? Thanks in advance for the clarification and have a good weekend. 

Mnuchin is incredibly composed and determined. Had the opportunity to attend some of his cocktail parties in NYC before he took on the role of Treasury Secretary. His apartment was quite impressive (great art collection), and his wife (now divorced, I believe) was undeniably elegant stunner.

Matt/Steve, NVDA - is a double top in, or do you reckon the 5th wave over $1,000 is still in the cards? Thanks for your help  

what is the cause of these 25-35bp spikes in SPY/QQQ since 8:00am - (seeing on Interactive Brokers)?

Steve, what are the potential outcomes for NVDA intraday from here in your view? Much appreciated. 

Steve/Matt, It would be greatly appreciated if you would provide your updated perspective on PANW, either here, or in the newsletter.  Thanks much,

Steve, assuming NVDA doesn't screw up the conference call, what would the EW count suggest to you as next leg? Thank you 

NVDA - long Mar 15 730/800 Call spread and short $605 Puts in size + 3k shares :)

ARM - what is the appropriate level for a Fibonacci retracement starting point? 2/1 low - yesterday high? as of yesterday, long Feb 23 129/120 put spread. Retrace for asymptotic moves is 38%, correct? Thanks for the help

Matt, Would you please provide a couple near-term exit price targets on URA? thanks