Maybe you all see something more positive. Given the ability of the US President to disrupt Sunday night trading I am not about to hold over the weekend!
So did Deep Seek call the top? We have now had the three largest funders of AI report earnings and all we got was a gap close. Not looking good at this point to me.
University of Michigan Consumer Confidence showed a really big increase in inflation expectations. Added to jobs report market is seeing zero chance of Fed rate cuts.
AI rally on the line. Tonight Google, Thursday night Amazon. Microsoft got clobbered when they showed essentially zero return on their huge AI investment. Waiting to see what the other two big spenders have to say.
My alternate count (primary direction is down) is still hanging in there. Fed minutes added support to that direction. Waiting on after hours earnings for a big move one way or the other.
Market carpet has reversed from yesterday. Mag 7 all green everything else red. Waiting to see the globeex session tomorrow night! One of the few times it's an advantage to be in the Pacific time zone.
Clear from the price action that this level was important on the way down. Personally it looks like we are in neutral waiting for the Fed and earnings with potential explosive moves tomorrow and tomorrow night.
NVIDIA press release claiming the Deepseek did not use any banned for export chips (i.e. we didn't break the law). I have not got the courage to by any NVIDIA calls because if Elon is wrong and they didn't break the law who needs NVIDIA chips ?