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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: da_spot who wrote (18261)	3/15/2024 3:05:00 PM
From: Sun Tzu	2 Recommendations Recommended By da_spot toccodolce Read Replies (2) \| Respond to of 26460

A lot of people are positioned for the index reweighing of NVDA as of today, and the anticipation of good news out of their developer conference next week. I think NVDA may hit 920 +/- 10 by Wednesday. Then depending on how it turns, We'll know what the big swing is going to be. Meanwhile, not as discussed is the reweighing of other Mag 7. TSLA for example is going to have a much lower weight than it has now. SPX has a gamma poll at ~5020. It will be both a support and a magnet next week. ===== Indexes aside, I've been buying LAC. It has a $1B market cap and is getting $2.3B loan from the government. So I think it is inevittible for it to double over the next 18 months. However, given it's recent run up, I'd expect some consolidation in the immediate term. But/if/when it closes above 7.10, I'll buy another batch.