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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (56359)	8/5/2024 8:24:37 AM
From: Zen Dollar Round	Read Replies (1) \| Respond to of 56532

NVDA: That said, given current market condition, I have to believe that $95 level is now in play and if that doesn't hold, the $75-$83 level isn't out of the question. Premarket today we've already gotten close, down to $91 and change since I've been awake. Not sure if it went below $90 or not, I have no way to check. While my gut tells me that while NVDA will close higher than that level today, I think it would be a fool's errand to assume that NVDA won't fall below that in the days to come. With the Nikkei selling off 12.4% last night (worst single day since 1987), this market downturn will have legs and I believe further lows are ahead. Perhaps a Captain Obvious statement if ever I've made one here, but I like to be transparent about how I'm feeling during market turmoil events. I will sit tight and watch the carnage until I see signs of a bottom forming, nibbling on any stocks hit harder than the rest I believe are good buys.