Technical Review

Key Reversals in Key Stocks and Market Averages

In last week’s WTR I reviewed a number of economic reports which showed a softening in the economy, CNN’s Fear & Greed index showing investment sentiment had entered the Extreme Greed Zone, and Warren Buffet’s view that “ markets now exhibit far more casino-like behavior than they did when I was young.” I noted that nothing embodied the casino mentality as the trading around Nvidia, Super Micro Computer, and Semi-conductor stocks in general. “The only thing that matters to traders is how Nvidia and Super Micro Computer (SMCI) are trading. A reversal in these stocks will get more...

About the Author

jimwelshmacro [at] gmail [dot] com ()

1 Comment on Key Reversals in Key Stocks and Market Averages

Subscribe or login to read all comments.