$Intel(INTC)$ Nasdaq could be up 100 points tomorrow. Hoping the market shrugs off the jobs report. Interest rates matter less when companies are still making solid profits. There's always some scary narrative floating around around the clock.
$SPDR S&P 500 ETF Trust(SPY)$ Nvidia is putting up some historic numbers right now. At close to $5.3 trillion in market cap, $NVIDIA(NVDA)$ now makes up nearly 8% of the S&P 500's total value, which is basically its highest share ever. To put that in perspective, that's worth more than 5 of the S&P 500's 11 sectors on their own, and more than the combined value of the Energy, Utilities, Real Estate, and Materials sectors. Its market cap is also equivalent to roughly 16.3% of U.S. GDP. The AI boom has turned this into one of the most extraordinary corporate growth stories in market history. It feels like Nvidia isn't just leading the AI trade anymore, it's reshaping the market itself.
$Intel(INTC)$ INTC is holding like a champ. The market is down 150 points and INTC is flat to up. Selling volume has dried up and the spring is being tightened. Once any good news comes out, and I think it will, this stock could blast off. Could see $175 before the year is over, but $140 is a sure thing.
$SPDR S&P 500 ETF Trust(SPY)$ $Trump Media & Technology(DJT)$ USO.X$Battalion Oil Corp(BATL)$ $Sky Quarry Inc(SKYQ)$ U.S. forces struck two Iranian launchers on Larak Island after Revolutionary Guard forces were reportedly observed preparing to launch rockets carrying sea mines into the Strait of Hormuz, according to a U.S. official cited by Axios. Iran's Revolutionary Guards said the strike killed and wounded several soldiers and civilians and vowed "response and punishment," warning the U.S. will face both economic and military repercussions. Oil moved up to 85+
$Trump Media & Technology(DJT)$ If Democrats win in November, the market could keep ripping to new all-time highs for 2 years. $SPDR S&P 500 ETF Trust(SPY)$ might see some volatility before election day though. So just enjoy the show and buy the dips.
$SPDR S&P 500 ETF Trust(SPY)$ The market won't see another red day. Going forward, every session should keep posting a new all-time high and a new higher low.
$SPDR S&P 500 ETF Trust(SPY)$ The last Jackson Hole was a total mess. Today was a good day for filling gaps, but anything beats sideways trading. I think that 774.00 candle could end up being the high for the week. I'm still very bullish, but the chaos probably isn't over yet.