[OP Ed. Note: This Editorial Was Drafted Without AI]

Yo Pit Crazies,

An unsung chart right now is bitcoin.

I don’t own any bitcoin, traded the ETF occasionally and don’t give it much thought.

I watch it because it makes a nice risk appetite index.

Right now, that index looks like this:

3 month IBIT Chart

I think Licia Leslie would say that is an ugly chart.

The appetite for bitcoin as a pure speculative asset versus the most widely held stock on the planet below.

NVDA 1-Year chart

One is pure air and the other is making $200 billion dollars a year in profits. The demand for chips is going to be with us as the new AI technology expands into every corner on the planet. What is in front of me?

NVDA shows up in Sibyl

I never thought I would see NVDA making a 52 week low but here it is. Usually I wait for a 10% bounce but I thought this was a little overdone and added some more shares.

Apple Computer (AAPL) survived the death of Steve Job and NVDA will survive the resignation of Jensen Huang.

Next week I go live to discuss where the next bull market is.

We’ll have more information this weekend.

I hope this was helpful,

AG