Cathie Wood is selling TSLA stock in million.

Red incoming?

Very true. Don't get caught by the Tesla hype. July 17th is when the stock price will go down if earnings don't meet expectations:

https://markets.businessinsider.com/news/st...n-streak-2024-7

Look like NVDA is inching up while everybody flop to Tesla.

Might go near 150 before earning.

Putting money in NVDA is sure win. 

it will be the next 'tesla' in the next few years.

but before it becomes like tesla, many choose to ride this bull. it will take sometime for others to rival nvda but the race is started already by Goggle and Meta.

Meta and google already announce their partnership to rival nvidia by plan to produce their own inhouse AI chip

https://fortune.com/2024/04/11/meta-google-...ollar-question/

I agree on that one.

Although cuda is the leader today, cloud vendor would like to see alternative choices and better competition. If any alternative open source tool were incoming, it can disrupt Nvidia.

Yesterday CPI come in down 0.1%. That increase the chance of rate cut in Sept to 92.7%.

That trigger a short green in premarket. But quickly coming down and sell off. MM took profit in tech sector.

Fun relocate to others sector like small caps, industrials, financials and reit from the benefit of rate cut.

TSLA already plummet to USD 232 now during overnight trading.

well that did not last. was hoping for more red

Finally, tech pulling back... or perhaps rotation into Dow or small caps. Dow 30 being lagging lately but yesterday squeezed up.

Small caps (Russell2K/IWM/VB/TNA) also been rallying for past 5 days.. almost blew off top here.

Also, it's crazy they're pricing in 100% Sept cut.. it's going to be major disappointment if Powell says no later. 

NVDA premarket today, erased yesterday's lost

Market Summary
> Tesla Inc
219.80 USD +204.60 (1,346.05%)
past 5 years
if you bought before EV wave, 10x is definitely well done in 5 years.

Is the market distorted?

Those tech companies earning are good to have their price slash down.

While like Mcd or Tsla earnings are down, prices are up. 

Not peak but short term trading only. I'm out.. waiting at sidelines.  

This thing is showing another shoe about to fall out. There's gap to 95 about to fill.
Powell could move the market tomorrow.
Let see what happens.

Yeah, I agree.. all other MSFT business are doing well. Just a small 1% miss on Azure..(28.52bln vs 28.72bln expected).
OMG that's still earned BILLIONS! 

These few weeks:

Regular trading time : Pain & red
Post, Overnight & pre-market : green and soothing

Ouch my US portfolio

Meta boom after regular trading