"Nvidia is worth more than China's entire stock market"pic.twitter.com/PJ5bV4yUM1 t.co/q8b79X2uZX
— Financelot (@FinanceLancelot) February 23, 2024
It's a sad fact of markets that at key tops, most traders get stopped out before the big move begins. Now is no exception.
Today, Nasdaq breadth was negative as I alluded to this morning. It was the Nasdaq's biggest % gain on a negative A-D day since the top in November 2021.… pic.twitter.com/rnXqSyxs5x
— Mac10 (@SuburbanDrone) February 22, 2024
This is the chart of the week.
A one month head and shoulders top: pic.twitter.com/ewHlibld1I
— Mac10 (@SuburbanDrone) February 23, 2024
Under the surface of the one stock rally…
After the CPI crash last week, the momo Tech retracement high was Thursday, after which momo Tech imploded straight to the 50 dma.
And…this is the highest realized vol since the bear market started in January 2022. pic.twitter.com/7VkH5WzBFC
— Mac10 (@SuburbanDrone) February 22, 2024