Altogether, we made a blended 49.9% gain in just three days…
Volatility is on the rise. Banks all over the globe are scouring their books to check their exposure. And market pundits are racing to connect the dots to come up with their “Next Lehman” moment…
After bottoming out in October 2022, this ETF has been steadily grinding higher...
NVDA is trading on a price-to-earnings (P/E) ratio of over 130… and it’s up around 126% since October… So today, I want to see if this winner is overcooked.
Negative sentiment doesn’t mean we can only trade this ETF from the short side…
For this to happen, the RSI must go beyond touching the oversold line and instead form a definitive ‘V’ to rally…
If stock prices correct due to stronger-than-anticipated jobs and CPI data… it might snowball into something more…
For this October rally to resume, we’ll need to see the RSI hold support and stabilize in the upper half of its range…