‘Nailed It’: McElligott On Nvidia
"Nvidia nailed it."
So said Nomura's Charlie McElligott on Thursday, as US equities looked for new records on the heels of yet another beat and raise from the world's most important stock and, increasingly, the world's most important company.
Midday Wednesday, a few hours prior to Nvidia's results, McElligott flagged the potential for dealer short gamma dynamics around 5050 SPX to facilitate a renewed melt-up. Now here we are.
"This velocity to the upside in spot index comes in light of the p
ooks like the Ggat strategyworked..lol
not sure why my words keep getting moved around when i hit submit comment. that was supposed to say “looks like the goat strategy worked.”
As of right now, NVDA is only $31 away (so about 4%) from joining the 2 Trillion club.