Bull charge!

2/22/24 Prospero.Ai Investing (99th) Edition (Midweek)

Jumping right into it, if you are holding Bears you may want to run for the hills at least for the day! (As I did)

The imminent demise of the stock market, might have just been put on hold. If you would have looked at X (Twitter) at just about any point before 4:20 EST, you would have thought that NVDA's earnings would have been the nail in the coffin, in an otherwise downward trending week. But my goodness, did NVDA have other plans. They beat at just about every level and guided even higher. Earlier in the day, we made the decision to hedge against negative earnings, because you simply never know how the market will react to the slightest sign of weakness. But in hindsight, while the world seemed extremely negative, NVDA's Net Options Sentiment never dropped below 100 for the day. Once again the Prospero signals got it right!