The attached chart shows Nvidia trying to trace out a Head and Shoulders bottom. The stock is suffering from a lack of love right now, after being the darling for the last few years.

After a 20% plus haircut, it may be time to remember one of my favorite adages “trends do not give up without a fight”! I think the SP 500 is going to make new highs, and Nvidia may well do that as well, but in any case it would be difficult to see a scenario where the market rallies, but Nvidia does not.
Thanks,
Joe

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