“I still think we’ll see that 18000 NDX .. they want the headline”
$$$$$$$$$$$$$$$$$$$$
They got there. But will it stay there?
My guess is yes, for today, and they get your 18042 tomorrow (less than 25 bps away).
I raised my stops again. 435.80 on QQQ, 503.8 on SPY.
“18042 tomorrow “
Loss the gas with 4 points to go ...
I couldn’t resit I’m on the train ... hedged in , but I am looking for red unicorns ..
I can’t believe they pulled that $ and 10 at 4 pts to go, you may be right and they want the headline for tomorrow
Trouble is ..that gives people time to think ...
So is everyone getting in the pool this after noon ... does FOMO rule ..?
Or are they heading for the showers?
Wall Street’s major stock indices closed sharply higher on Thursday, buoyed by AI fueled optimism following chip giant Nvidia’s upbeat earnings. The S&P 500 surged 2.1%, reaching a new record high, while the Nasdaq booked its largest one-day gain since February 2023, climbing almost 3%.
Simultaneously, the Dow Jones popped 456 points, breaching the 39,000 level for the first time in history to close at a new high. Nvidia soared 16.4% to $785.38, pushing its market capitalization beyond $1.9 trillion after exceeding quarterly expectations. This performance reflected growing confidence in AI and demand for its specialized chips.
Nvidia’s stock saw a historic one-day gain, adding $250 billion to its market value. Consequently, other chipmakers, such as Advanced Micro Devices (10.6%), Qualcomm (1.8%), and Micron (5.4%) also rose sharply. Meanwhile, Salesforce was the best performer in the Dow Jones, surging 3.5%.