NVDA is technically weak (double top pattern) and facing headwinds from slowing AI spending; current strength is likely just an oversold bounce.
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Nvidia, Nvidia's horrible. I lost a decent amount of money in Nvidia. Um, some people like, "Hey, Red Dog, you were blind blind to the, you know, the double top in Nvidia." Like, you're right.
I wasn't blind. And I just thought maybe you were a little extended from the eight then we had to come in and guess what it's now it looks a lot more like a double top right you know if you you had a dogey top and once it broke 229 I know I got out of my shares I have no shares in the video I did buy some options that you know I lost money last week and some people do have it on as a power play and might get stopped out today we'll see how it reacts you know watching Nvidia Nvidia is down six it's the poster child of the AI spend that they're trying to slow down, but it's also been down for, you know, one, two, look, if we were going to be that strong on Friday, would Nvidia go from up three to red?
Guys on the alpha team like Red Dog, Nvidia doesn't act well. This is a bologoney oversold bounce. I'm like, it's looks like it. So, if you shorted into that or got out of it, congratulations if you didn't.
You know, we'll see what it does today. you know, does Nvidia put in a low in the first 5, 15, 30 minutes and go from down six to down two or three and give us a point of reference for the week or does it open down six and remain under pressure and it's been sold every day last week.
Um, what's this low here? This is 20734. This gap's going to be already filled. It's below 217. Um so for today I would say hey um see if Nvidia puts a low in shows a little relative strength verse the indices and then maybe played verse that or just let it work itself out you know this is definitely going to be a battleground this week but it's also been down five days choppy the stock's been hard sometimes Nvidia is hard sometimes it's easy it's been very hard
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