$NVDA via $NVDL (2x long) - Reclaiming the 50-MA would restore its bullish stance

jfsrevg
2024-12-28

$NVIDIA(NVDA)$ via $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ (2x long) - Reclaiming the 50-MA would restore its bullish stance

The $iShares S&P 500 Growth ETF(IVW)$ category of stocks is the market's backbone since 18th December, with $Invesco QQQ(QQQ)$ as the only index holding its 10-MA above 20-MA.

Leaders like $Apple(AAPL)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Tesla Motors(TSLA)$ $Netflix(NFLX)$ stand out for rallying longest in duration from their 50-MA bounce. Currently, NVDA offers the most compelling price risk, unlike $Microsoft(MSFT)$ with an RS of just 56.

PS: NVDL has no ex-div gap risk as compared to $Direxion Daily NVDA Bull 2X Shares(NVDU)$

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