rosy?

cpi came in hotter than expected. some analyst estimate only 1 rate cut instead of the 3 that fed officials suggested. 

the wars around the world seems to be expanding rather than abating. this is most likely due to a very old us president in position. relative to trump, Biden is indecisive and easily cajoled. this has resulted in high energy prices and oil above 80.

$NVIDIA Corp(NVDA)$  scored a big rebound last night although us cpi is hotter than expected. according to its pnf it is still on an uptrend.$VanEck Semiconductor ETF(SMH)$ tracks the chip makers as well as the semiconductor industry. its pnf is also on an uptrend. however if you observe their candlestick charts, they appear to be u turning downwards. 

nvda looks likely to clear gap at 700 before normalizing and then rebound. looking at its pnf chart, that would be around 2.618 level of the Fibonacci retracement.

similarly smh looks likely to clear gap at 200 which is the 1.618 level of Fibonacci retracement. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars  @TigerWire  @Asphen  @koolgal