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June 08, 2024 | The “Great Nvidia Squeeze” Is Almost Dead By Don Kaufman NVDA’s 10-fo
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June 08, 2024 | [Read Online]( The âGreat Nvidia Squeezeâ Is Almost Dead
By Don Kaufman NVDAâs 10-for-1 stock split is in motion - traders who held as share at the close yesterday will get nine additional shares at the close today, and come Monday morning, the price will be split-adjusted down from $1200 to $120 or so. But thatâs not the big story here, not by a longshot. The gamma squeeze (essentially market makers gobbling up shares) that helped push the price higher over several sessions now looks to be coming to an end. Today, Iâm going to talk about whether NVDA at $120 can still drive the market the way it did at $1200. Thatâs not just FUD - Nvidia has essentially made up 50% of the S&P 500âs returns year-to-date. If it doesnât have the juice to keep doing that⦠watch out. We have to look at todayâs jobs data, too - it absolutely rocked the bond market and the dollar. (We wonât be talking about the 130% gain we bagged in LULU this week, but⦠if you know, you know)   [And of course weâll check the expected move this week]([and]([the next. Letâs get down to itâ¦Â]( We have Financial Advisors looking for their objection notebook. You know the one they have when anyone with sense asks them âWhy donât you beat the S&Pâ And what do they say? âUhhh you know the market is tricky⦠but uhhh we set up tax advtanges⦠and can move you to a uhhhh more aggressive account⦠but uhh you know⦠youâre still seeing growthâ¦â Well we say NO THANK YOU to that kind of conversation. We love to trade but we also know [how important retirement is to you and your family]( so we developed Deep Currents! Which by the way beat the S&P by 100% Myself and Blake Young want to show you how you SHOULD be managing your retirement. So letâs do something about it. What do you say? [Start here](. Weâll talk again soon, Don Kaufman
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