No. of Recommendations: 7
High flying Nvidia (maker of AI chips), NVDA-
Announced better than expected earnings after market close on Wednesday.
Expectations for today were for NVDA to lead market higher.
It didn’t work out that way. After an early morning climb, NVDA fell, closing down 3%, leading markets lower.
This is characteristic behavior that often marks a market top, when investors start selling GOOD news.
Is this a market top? Nobody knows, though it looks more likely than it did yesterday.
Stay tuned.
Bill Z- reader of goat entrails
