Widow Maker:

Many I speak with hailed Wednesday afternoon as a seminal moment for not only NVDA but technology, and therefore the market as a whole as it had been doing much of the heavy lifting. A good number and a sell-the-news event had some market participants confident of a bearish reversal, which never it came close to materializing. Thursday the stock added 24%, and Friday another 2.5%. With just a bit more strength it may become the 6th company to achieve a $1 Trillion dollar market cap. But for those that were smart enough to sit on the sidelines, a tactical short may make sense with the spinning top candle Thursday which often indicates fatigue. And the fact that it occurred just below the very round 400 number, after being at 300 just one session before gives the idea a bit more credibility. Do I think this will fill in the gap near 306? Absolutely not, but is the next 10% down in this name? I believe that answer is yes. This uptrend could be very far from over but those not involved presently I feel will get a better entry PRICE. 

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