Thread 1/4:


On Friday, NVDA touched 197 intraday, then pulled back to close at 202.
Semiconductors were broadly hammered; SMH -2.2%.
The brightest spot was XLE +1.1%.
Money is moving, but it hasn’t gone far.

Thread 2/4:
NVDA fell from 238 to 202—more than 15% lost in over a month.
The earnings didn’t blow up; no product issues.
It’s just the market recalculating: with NVDA at 4.9 hundred billion, what’s the basis for it to double?
No one can answer that.

Thread 3/4:
Money went into energy—XLE +1.1%.
Also into defense; high-dividend names came back a bit.
Russell 2000 didn’t drop much; IWM only -0.5%.
It’s hesitation trading—not panic.

Thread 4/4:
Keeping 195-200 next week is healthy pullback territory.
If it can’t hold, the logic changes—more than just a technical pullback.
Also watching SPY 740.
Is this round of NVDA correction over? What do you think?
NVDA-2.32%
SMH-1.83%
XLE1.28%
IWM-0.35%
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