Earlier this week, I pointed out some cracks beginning to appear in the price action, and I’m on the record as saying we’re likely in the later stages of the current rally.
But I also said I wasn’t ready to pull the ripcord on all my long positions, like Nvidia (NVDA) and Advanced Micro Devices (AMD). This strength is why we’re kicking off the “AI Summit” this week, and why I shared my top three AI picks.
And to cap it off, I’m seeing a phenomenon unfold in real time on the tape.
If I didn’t know better, I’d say the bulls are trying to repair this thing, attempting to “flip” the script. Tech and semiconductors, in particular, are leading – rallying, to be clear – and it’s highly unlikely markets will roll over while that’s true.
So today, we’re going to dive deep into that strength. We’ll look at the crypto-sphere, as well, where D.C.’s “Crypto Week” is helping power an Ethereum (ETH) rally along with some other coins.
So let’s get into it…