Ed Yardeni sent an email to clients warning of "AI derangement syndrome" gripping the market. On Bloomberg Ann Marie was talking about Block being up by 20% because they are firing half of their workers due to AI.  A pandemic darling that once was worth$280 or so, has now dropped to $40, and Is bullish because they are slaughtering their in puts allegedly because of AI. A green light for the next dash for trash? yep a speculators dream come true. jmho

 

 

https://schrts.co/sYusZtdw

THEY have ran NQ sideways for 4 extra months selling to retail. NOW, with 2nd qtr. here, things should start to unravel on the downside.
This is BTC's bear year of the 4 yr BTC cycle, NQ is not going to be far behind, per 2018, 2022 and now 2026. Looking for a retest of 15k area NQ this year and the move should be starting soon.
AI is overvalued and they keep upping estimates, who will buy them up here, why of course hopeful retail with 2 years experience.
I still remember buying all the way down from 2000 dotcom top, never again.
I closed my SQQQ Calls for minor loss breakeven,
and moved to SOXS JAN. 2028 1 strike Calls.
with 25% of account, still 75% short IBIT with puts for Jan. 2027 and they are up nearly double from when I went short last October.
Looking for 25k-30k BTC by December.

I was watching Fast last night and Julie Biel called NVDA earnings an open book test. She's right of course, everybody already has a pretty good idea where earnings will fall. Huang has not done anything to increase capacity. He will tell you all day about AI being the largest buildout ever, but he won't put his money where his mouth is.He will continue to dole out compute at his pace, on his own terms when he sees fit. It will be a painful road for the hyperscale's and many more, who eventually need to see gains in their bottom line. Will it hinder AI development. Yes.  

  Let's first look at what appears to be the beginning of an existential crisis in software. All these companies you see getting slaughtered now are all customers of NVDA. Live by the disruption die by the disruption. How many NVDA customers will NVDA  put out of business? Is NVDA safe from disruption. No, they are out in front of the game so far but that could change quickly, reversing NVDA's fortune on a dime. Does NVDA deserve to be garnering a higher multiple. I don't think so the game is changing into a binary one, success or failure. The market has to throw its old PE ratings out the window. NVDA is the one that started this whole Donner Party existentialist unsurety. They aren't immune to it either. Its the Donner Party. (JMHO)

 

 

 

https://schrts.co/JSDXeMFk

 

goes down 10%. I'll start stalking a long for a quick trade only. (JMH0)

 

IBM | SharpCharts | StockCharts.com

Bertha retired a couple weeks ago, so now they ditch the remaining 2 black guys out of public view. I really enjoyed watching WWEX with Uncle Frank, and John was excellent  after the bell. Now Franks at CNBC Internationals " U.S. Market's Edition". Why the demotion? Where is this show even at? It says John is going to do a new  show that isn't in the works yet, what was the urgency to get rid of him.

 

CNBC announces changes to Business Day programming | Editor and Publisher