Friday 14APRIL2023 - NVDA Bearish ObsevationsTraders,
In this video I discuss my stance on NVDA and its relative NVDS (-1.25 Bear Directional ETF). I also discuss some other bearish patterns I am seeing on the charting.
This will be my last video on Trading View Unfortunately.
Good luck out there everyone.
OVER AND OUT
SOX
Update EQUITIES: Russell 2000 paints a different pictureOver the past week, my tone has switched a little more bearish. I was advocating for a blow-off top in equities before this cycle ends, however, on a second look at the data the leading indicators are continuing to show weakness over the coming 6 months. Certain aspects of the economic data are positive however, which makes it difficult to be outright bearish or bullish at this point. Hedging sector risk is a good long / short strategy.