The stock market keeps surviving each event the media makes into potential Armageddon. On Wednesday, I wrote about Nvidia and the likelihood for a move outside of $131 and $123. That came in the form of a less-than-perfectly stellar report and sharp move on heavy volume to the downside. Smart money knew the odds. For now, I think rallies above $121 are selling opportunities.

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Super Micro crashed even more. Almost 100% of the AI gains have been wiped away by the market. Late comers get punished. The old adage rings true. Bulls make money. Bears make money. Pigs get slaughtered. Don’t be greedy. No one ever went broke taking profits. Squirrels never starve from harvesting too many acorns.

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