Market Milestones: 5000 Bucks

[Image] Happy Friday , It finally happened: SPX hit $5000.00 on Thursday, February 8th! This is a significant milestone, especially considering the SPX was at $4100.00 only 70 trading days ago. This gargantuan 22% bull run has been one of the most epic in recent history, with many names moving much higher, much faster. To help illustrate the speed and quickness of this move, consider that the biggest pullback in this bull run on SPX was only 2.3%, and it recovered fully in only four days. With the way this market, and many A.I. and chip stocks, have been moving, we are going to have to start using Elliott lines instead of Elliott waves. If you simply draw a line from the bottom-left corner of the screen to the top-right corner of your screen, you are nailing this wave count! SPY [Image] While we are on the topic of straight lines to the moon, let’s talk about NVDA. You might have thought I was going to say META, SMCI, TSM, ASML, MSFT, AVGO, COST, PANW, CRWD, or ARM. Wow, quite a lot to choose from when talking about stocks that are going vertical. It’s almost like those stocks have something in common. Maybe it’s that they all have banging food courts with $1.50 hot dogs. Or maybe that’s the outlier and it’s the world-shifting development of Skynet that they all have in common. Anyway, since no one else online is talking about NVDA, I thought I could briefly mention it. NVDA recently hit $700.00, which is huge, and here is why. NVDA moved from $490 to $700 in just thirty days. That’s correct; it took NVDA one month to move 44%. You may retort that ARM just did that in 24 hours. To which I would agree that ARM’s move was truly incredible, but not as incredible as NVDA. What is truly amazing and flabbergasting about the NVDA move is the amount of capital behind it. NVDA was a $1.21 trillion company on January 5th and is now a $1.72 trillion company on February 8th. If my math is correct, and it probably is considering I had an A.I. robot do it for me, that would be over half a trillion dollars or $500 billion added to NVDA’s market cap in just 30 days. To put that in perspective, there are only 15 public companies in the entire world worth more than $500 billion. That means that NVDA added more than the market cap of nearly every company on earth in the last 30 days. NVDA [Image]( Maybe you missed out on all 550% and $500.00 of NVDA's move over the last 483 days and are feeling all of the FOMO. 'What now,' you may be asking yourself? All of the companies listed above and any others that have run very high, very fast are not ideal buys. That doesn’t mean they can’t go higher, even quite a bit higher. It just means risk reward is skewed. Also, trying to call the top on a super-hot, earth-scalding, space-scorching story and trend is very difficult, as we have seen over the last several months. So, if going long and going short is not ideal, what can you do? Scan. This week has produced many very interesting gaps on companies that have room to keep pushing if this market has some more gas left in the A.I. tank. Even if the market corrects, which is likely to happen in the month of February, there will be great gaps to trade both bullish and bearish. A few interesting gaps to keep your eyes on for the next couple of weeks are CHX, PLTR, EMR, OI, RBLX, ENPH, WERN, ACLS, MARA, MSTR, and CFLT. Strive On, RLT Newsletter Team [support@RLTNewsletter.com](mailto:support@rltnewsletter.com) Disclaimer: Trading involves inherent liabilities and risks. By accessing this newsletter, you acknowledge and understand the associated risks with trading and investing. This newsletter or email does not serve as a solicitation to buy or sell any security, and its content should not be construed as financial advice. The trades, analyses, and results presented are for entertainment and educational purposes only. These materials do not substitute professional advice from a qualified individual, firm, or corporation. Past performance does not guarantee future results, and simulated performance results have inherent limitations. Readers are strongly urged to consult a qualified financial advisor or professional before making any trading or investment decisions. Each individual's financial situation is unique, requiring personalized advice. No strategy or trading approach ensures profits, and market conditions can change rapidly. Participants should trade with capital they can afford to lose. This newsletter does not aim to create an advisor-client relationship, and receipt does not constitute such a relationship. Readers are responsible for compliance with applicable local laws and regulations related to trading and investing. Unable to view? Read it [online]( If you no longer wish to receive mail from us, you can [unsubscribe]( Sent from: Real Life Trading in Nashville TN 37221