I have no ill will toward Cathie Wood or her Ark funds. I just find it funny that a lot of the high profile traders and investors tend to blow up. Sometimes by a lot. Ark Invest was all the rage in 2020 and 2021, when its concentrated bets on highly speculative technology companies paid off in a big way thanks to low interest rates and a boom in risk appetite among retail investors. ...
It finally happened, again. Nvidia (NVDA) breaks out to a new all-time high! Long-term trend followers rejoice because it was on decent volume, +63 million shares traded. Could it go higher from here? Definitely. These long-term trend plays tend to keep going until something turns the entire market, or they cheat/lied. Then it all comes crashing down. Long term holders (not trend followers) have been rewarded handsomely over the years. NVDA’s performance, relative to the Nasdaq, started to diverge around 2016. It’s price appreciated substantially more than the broader tech market and everyone rejoiced until mid 2018. ...
The stock market had a great year toward the tail end of 2023 and closed higher. From the S&P500 chart below we had a rough start to the year. We started around 3800 and climbed to 4200, only to dip back to 3800. I remember all the panic that traders and investors were expressing. The Federal Reserve continued to raise interest rates to tame inflation and Main Street was grumbling about the high prices of all basic goods. Gasoline was close to $3.50 in New Jersey, which is known to have lower gas prices than New York. ...
This Bloomberg post reiterates what my readers already know; investing in index funds works. Better yet, dollar cost averaging in diversified low-cost funds works fantastic too. “It’s clear that having a diversified portfolio is probably the best way to navigate the investment climate and the best way to do that is owning the S&P 500 — full stop,” said Art Hogan, chief market strategist at B. Riley Wealth. “If you were to start this year by saying ‘everyone says there’s a recession coming so I’m going to invest defensively,’ you got punched in the nose.” - via The Wealth Advisor ...
I’ve written a lot about the AI chip wars over on my other blog about how there’s an AI chip war happening. Intel, Nvidia, Apple, and now Microsoft are building new semiconductor chips to handle larger workloads to support AI models. President Biden’s administration released the CHIPS and Science Act in August 2022 was a way to bring more semiconductor manufacturing back onto US shores, not just for jobs but to protect our competitive advantage. ...
I was screening for potential candidates for my upcoming 2024 Buy List and came across Motorola (MSI), an old stalwart, bumping around its all-time high. It’s doing fundamentally and technically well and that brings me joy. It’s doing so well that I did add it to my buy list. However, there might be some risks involved with MSI. Looking at the chart above (and below), MSI has been consolidating at near its all-time high. It made a big run higher on good earning news at the beginning of November and I think the Bulls are taking a breather right now. Everyone is wondering if prices could go higher here. ...
A few of the news sources I follow for investing and trading started spitting out the Q4 earnings results for Anavex Life Science (AVXL). It’s a biotech company that reported a $10.1 million loss. It would appear that a lot of traders were long, hoping for a breakout. It failed and sold off and it sounds like a lot of people lost their shirts yesterday. I have no idea what Anavex does or researches, I don’t need to. I just need to look at the charts and realize that it’s a dog. ...
Learn Trend Following: Avoid Stock Fizzle Outs like PAG’s upcoming 50/200 DMA Death Cross
Nvidia stock is near an all-time high after earnings beat, but some investors worry about it peaking.
Microsoft (MSFT) hits all-time high, hires OpenAI CEO Sam Altman, gains AI brainpower & potential to kill partnership.