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04
Jan

Mega-Cap Stocks Back In Favor

For the love of god, I sell my IPGP position and it rips 10% the first 2 trading days of the year. Nothing new, the market is just keeping the status quo set last year. This trade will continue to work until it doesn’t.

Large cap tech is back in favor, as it should be. NVDA will continue to go higher in lockstep with blockchain developments, and should be bought right here, and in size. The GPUs they produce are second to none, and are used both in machine learning and mining cryptocurrencies. If the crypto industry is the life of the market, NVDA is the air they breathe – and also a good measure on the health of the market.

Most interestingly, PCLN is back in play, after many months of languishing. If I was still actively trading options, PCLN would be top of my watchlist and I’d be in and out of calls weekly. Forget options, this is also cue for long term investors to get back in.

That aside, its the same old boring market. Different years, same shit; AMZN, GOOGL, FB, NFLX, PYPL, BABA, etc.