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NVDA Update: On the subject of the elephant in the room, the reaction to NVDA Earnings certainly is casting a huge shadow on the markets into tomorrow evening's report.From what I have been reading, for Jensen Huang and NVDA to clear the obligatory very high bar for Earnings, the company will have to excite investors with improvements in the forthcoming Rubin server rack that entail more compute, more efficient energy usage, and enhanced cooling ability embedded within each Rubin chip.
I did not sit down to write this. I sat down to check a level, and I ended up looking at two numbers I could not account for by any other method.The first was published before a single share of SPCX traded. There was no chart. No float in the market, no opening print, no volume, no history of how this crowd behaves when it owns this stock. There was no comparable company at that capitalization to lean on. The projection was 225 to 240 for where the post-IPO advance would run out. Price struck 225.64 and turned.
The market seems to be meandering again, and it is not providing much more for me to add to the analysis.The one thing that is standing out a bit right now is that this pullback is seeming a bit too large for it to be a 4th wave in the yellow wave 1 of yellow wave (v). So, I would have to conclude that this count is becoming even less probable at this time.Also, with the action we are seeing today, it does fill in a nice wave (1) down in the blue c-wave of wave 3.
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