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

To: Zen Dollar Round who wrote (56365)	8/5/2024 8:59:14 AM
From: Trader J	1 Recommendation Recommended By Lou Weed Read Replies (1) \| Respond to of 56532

Market: Yeah, this is going to be interesting. I'll be leaning into my recent shopping list in all likelihood and I may even take my first, yes first, position in NVDA in my taxable account. Normally I like to stay away from capital gain type positions in that account but I have cash set aside and this looks like a great place for a first position with the potential to add another one if the bottom further drops out. The NVDA range I mentioned does look like it's in play and I'm fine with it, even excited. Wish I would have trimmed more but that's fine too. At this point, I'd love to see it in the $80s. I'm not going to be overly aggressive at purchasing anything else and some of my stocks are even green this AM. This is where your diversification, fixed income and smart value-based stock picking with yield helps stem the blood flow in your accounts. In my non taxable accounts, I'll be raising more cash, selling some fixed income and leaning into that shopping list. Today could be one for the ages ... Stay safe out there.