Nvidia Stock (NVDA)

Hmmm…​ If that’s a Double Top on the right, then Nvidia ($NVDA) tested the downside pivot this morning and passed that trial. I will add just a smidge here… Position: Long NVDA equity.

* Market risks are greatly under appreciated in the current ‘Bull Market in Complacency’ * By my calculus there is 3-times or more downside than upside presently Equities, contrary to our expectations, continued to ramp higher during the last month. The last several weeks have felt like a battle in which I have felt much like …

* I am the anti Boca Biff… I am the executor of a large estate. The estate has been probated for about two months. The estate has a very large and concentrated equity portfolio. ($NVDA represents over 40% of the account, $FTAI, $EQIX, $IIPR and a bunch of BDCs are the major components of the estate’s …

* Especially in a continued narrowing of leadership (in profits and price appreciation) in a 'K-shaped' S&P Index... * With interest rates, inflation and the price of crude oil making multi-month highs and likely to remain "higher for longer" -- and with valuations near historic highs -- what ...

"Only the small secrets need to be protected. The large ones are kept secret by public incredulity." - Marshall McLuhan The strength and rapidity of the market's rally (especially since March) has likely been momentum-driven (due in part to market structure changes over the last decade in which ...