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- Feb 15 Stock Market Update - Nvidia has stake in ARM, SOUN, TSPH, NNOX RXRX and
Feb 15 Stock Market Update - Nvidia has stake in ARM, SOUN, TSPH, NNOX RXRX and
$APP $LYFT
Mukund Mohan
February 15, 2024
Market
"On Wednesday, Nvidia disclosed in a regulatory filing that it has stakes in a handful of public companies: Arm, SoundHound AI, Recursion Pharmaceuticals, Nano-X Imaging, and TuSimple”😀 All stocks Mooned 🤪
Don’t short until you get confirmation that the 21 day MA is lower and pointing lower
I get a lot of message from people shorting $ARM or $SMCI or $CRWD or $NVDA or some other stock because it “went up too high”. That’s not scientific.
Scientific means a proven strategy that says the 21-day-MA break with pointing downwards Moving averages calls for a short position.
Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.
Dow components take the leadership from Technology
Tesla came roaring back as did Meta and so did Uber as the strength towards big Oil (XOM, CVX) was obvious.
Video of the day
Today’s video is on Doordash which announced earnings - revenue increased 27% to $2.3B for the Q (inline), GAAP net loss was $156M and ($0.39) loss vs $(0.15 est)
Deep dive of the day
Today’s writeup is on Payoneer a Paypal $PYPL and Transfer Wise ($WISE) and Remitly competitor ($RELY)
Good setups for swing
Strong Gap Up on $APP Watch for entry in $54 - $56 to $62
Strong move by $LYFT should get to $25 then $30 easily by next Q