Can you believe I actually have market analysis during the pandemonium going on outside still? Snow everywhere!? Yessir 🫡 🤣 The market's digging in its heels.
$SPX closed Friday right around 6909.00 after poking toward 6915 and never handing over that 6900-6910 shelf. Bears got a clean shot in the compression and whiffed hard. Every test wears resistance down more if we punch clean with volume and follow-through, especially off
$NVDA earnings Wednesday after close, 7000.00 is staring us down and the squeeze kicks in fast. Still consolidation inside a bigger push higher, not bear reversal. I think we get one more real leg up to flush the last shorts before anything turns.
$MU story rock solid and building. Around 14x forward EV/FCF with cash flow exploding toward 25B consensus next year. Sovereigns and big money keep adding. Can grind a bit short-term, but semis lead again and 485-495 gets very real.
$NVDA runs the show. Earnings Wednesday after close beat plus good forward guidance rips semis and AI infra.
$SNDK tags along on the memory sympathy.
$QQQ breaking out with breadth turns risk-on broader than megacaps. This week's calendar keeps it focused: Waller speech Monday
#FedSpeak for Fed hints,
$HD earnings Tuesday
#HDEarnings and Trump SOTU Tuesday
#SOTU for policy/market reaction,
$NVDA and
$CRM Wednesday as the heavy hitters
#TechEarnings, jobless claims Thursday
#LaborData, PPI Friday
#InflationPrint.
#Monday!!!
#TheAvidInvestor™️