It has been apparent to most investors that AI and specifically NVDA has driven markets to record highs. NVDA is finally showing signs of slowing and even a potential trend reversal pattern, a double top. If the Double Top is confirmed, we expect correlated moves in indexes and individual stocks.
Today we discussed the potential pullbacks and reversals in major index like the NASDAQ and S&P 500. We looked at individual stocks including ORCL, AVGO, SMCI and CRM as well as less aggressive ETFS like SMH and IGV.
1 Comment
Fred Naef
March 27, 2024Very creative