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apaqu
Feb 10, 2022 3:15 AM

NVDA - Nvidia Corporation Long

NVIDIA CorporationNASDAQ

Description

Added another quarter position as we cleared and held above last week's high and as the broad market continues to follow through, bringing my average price up to $246.99.

SPY and QQQ both had another good follow-through day today off of Friday's pullback lows. Neither is in the clear, however. They're also both facing up against key moving averages; SPY approaching the 50-day line & QQQ pressed up against the 200-day line.

Comment

Trimmed off the quarter position for a small loss, still holding the original half-sized position from the 1/31 buys. Ugly close to the week for NVDA and the market indexes as a whole, all closing on their lows of the week. Will be quick to trim more or even close the entire position if the markets get even more shaky.
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