$NVIDIA(NVDA)$ AVGO's earnings

AVGO's earnings report looks good, at least from the perspective of institutions. The data might drive AI concept stocks higher, which has led institutions to roll over their sell calls on NVIDIA to next week and even raise the sell call strike price to 148.

However, similar to NVIDIA's earnings report, it's better not to chase the rally after AVGO's earnings.

$SPDR S&P 500 ETF Trust(SPY)$

The bearish exposure looks bad. As expected earlier, there may be a pullback in the near term.

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