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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Tuesday, April 9, 2024

Is the top Finally in?

 If you look at the market leader NVDA, it has been moving sideways since first week in March.  This is either eating time off the clock for a new explosion up or there is material selling occurring since then.  If the latter once the late comers have exhausted their purchases, we can expect a 20-25% cut in price.

Since NVDA market cap dwarfs all other stocks in the S&P 500, this would be a material top until a new 'growth story' like AI with NVDA can drive the market higher.  

Consider stops to keep profits and be ready with some cash.  I expect this bear market be a up, down, up, down, repeat through the election. 

The BEST guy to watch for daily targets is: https://www.youtube.com/msforecasting/videos

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