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Strategies & Market Trends : Trader J's Inner Circle
NVDA 202.57-2.1%10:13 AM EST

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Lou Weed
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Zen Dollar Round
From: Trader J4/10/2024 9:52:47 AM
3 Recommendations  Read Replies (4) of 56532
 
4/10: Just a couple of quick notes from this AM the surprising inflation data, rates-based decline, etc.

A bad surprise on the inflation front. 10 year now near 4.5%. Could the "higher for longer" narrative keep rates unchanged throughout 2024? I don't think that's a horrible thing personally.

SOUN - Almost back now to where I sold it near $4 when I made a huge mistake after holding SOUN for such a long time. It was a great Call trade but it ran from $4 to $9 starting the DAY AFTER I sold it. Just awesome. LOL

NVDA - Waiting and watching this one with great interest. It's still the biggest holding most of my portfolios. We're all looking for those AI derivative plays and why not just go to the alpha. If this can come down into the $700s or high $600s, I'll be loading it up. Wow ...NVDA just turned positive while writing this.

TNA - Down 8% this AM and could be a great trading buy when the selloff loses steam. Looking at the $33.50 - $34 range which would be very interesting.

ARM - I think they remain a major quiet sleeper and it's being supported really well in the low $120s. Do we have an updated float on this one? Did it increase after the lockup which I expected to the 1B range from 90M?

ADBE - Already added my first position leg and looking to add another one.

I just struggle to find anything that compelling here if we believe rates will remain unchanged throughout this year. A 10% correction could be very healthy for this bull market.
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