Perhaps many of you just think I say the same thing everyday lol – – – which isn’t “exactly” true as I switched from bear to bull and went long the exact day of the low a few weeks ago. However it is also “mostly” true as picking a reversal is fool hardy without substantially more evidence. Consequently, shallow retracements aside, I remain a bull, and certainly not entertaining the short side at all. Big event Tuesday is Nvidia earnings.
Despite the run up in the stock I expect the earnings to be well received and the stock and the general market will continue to move higher. I mentioned I like long call options on Pepsi under $166 and the stock did accommodate that dip on Monday. It is certainly ready to move somewhere soon, and I will bet higher.