$CoreWeave, Inc.(CRWV)$ It's funny how the talking heads keep pushing doom and gloom on AI, while every single company reporting earnings seems to lead with how AI implementation, AI cloud revenue, or AI adoption has boosted results, sometimes even doubling revenues. Hyperscalers are also projecting triple AI compute needs over the next 1-2 years. That's why names like CRWV look strong here, even with the weekly volatility. Works for both trading and holding long term.
$SPDR S&P 500 ETF Trust(SPY)$ Took a $52 loss and honestly it was avoidable. Got caught up in the downward trend and drifted away from my own trading fundamentals. The rule has always been not to fade price action from the bottom, only from the top. Early on price tagged the low of day, which normally reads as the house or market makers signaling that's the floor. Then they spend the rest of the session making it look like it's going lower using the indicators we all watch, while quietly building support around price to pin it. I'll make it back. Just got too excited about locking in a profit and it backfired. Blessings to everyone. We'll bounce back from this level.
$CoreWeave, Inc.(CRWV)$ $APPLIED DIGITAL CORP(APLD)$ Still a lot of noise around AI, but it isn't going anywhere since it's the future. If you have conviction in that thesis, you know datacenters are the backbone of it.
$CoreWeave, Inc.(CRWV)$ I just don't buy into the Crap-ital angle. It feels more like a group of paid bashers piling on, like Clown Bags. If they were really that sharp at predicting CRWV, they could have just traded puts and calls themselves.
$CoreWeave, Inc.(CRWV)$ No need to panic here. This is a legitimate company that should keep growing. The partnership announcement helps validate the growth story. I think we could see 150 plus by November.
$CoreWeave, Inc.(CRWV)$ Everyone is worried about AI destroying the human race. If you're old enough to remember the year 2000, all the computers were supposed to stop working. Planes were going to fall out of the sky. It's just fear-driven noise.
$SPDR S&P 500 ETF Trust(SPY)$ $Eversource(ES)$ Below average retail trade size shows as yellow candles, while above average professional trade size shows as white candles. Bearish divergence is marked with a red dot, exhaustion with a yellow dot, and flush with a purple dot. The 50 EMA is the green line. How important can one level be? Below the $7694.75 6/1 prior all-time high, the tape's structure starts to shift from bullish to bearish. Above it, there's a 50 EMA and an all-time high breakout threat.