Snowflake

$Snowflake(SNOW.US) daily nice long base break higher. I still have let it rides and no change in my stop until it gets to the Sept 3 stick

Source: Sunrise Trader

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yep $Snowflake(SNOW.US) the filled black played its hand. It showed a pullback/base likely and following to down side today.

Source: Sunrise Trader

The week is concluding with a strong Aug job report and that's pulling back those rate hike expectations. The relief from yesterday may be short lived.

If you think companies will keep using AI agents, Snowflake will make a killing. They charge by how much data you use, so more AI usage means way more money for them.

Now, Snowflake is mentioned to surge. Dow Jones, S&P 500, Nasdaq, Nvidia, Tesla, and Hewlett-Packard increase their percentage.

Besides that, Straits Times and local banks shares also rise. Hong Kong Share Hang Seng Index rebound their shares.

Happy to see improvements in the companies.

US markets are running on two tracks. Track 1: Snowflake surges 16.55% on real earnings + Waller’s dovish tilt = broad rally, all indices up 1%+. Track 2: Tesla’s Cybercab goes live but it’s invite-only in Austin, so no real impact yet. Investors are rewarding execution today and ignoring promises for tomorrow.

The real winner today was data. Snowflake surged 16.55% because a true earnings beat still matters. Waller’s dovish comments did the rest, sending rate-hike odds tumbling and lifting all indices 1%+. Tesla finally launched Cybercab in Austin, but the limited rollout left bulls asking “where’s the revenue?”. 2026 is about earnings, not vibes.

The market might be getting ahead of themselves and they might be starting to realise this administration will want to keep the business cycle going into elections.

I believe the Fed chair had to be hawkish last week for credibility and to be fair he was doing the correct thing. The market as usual likes to over react and overthink.