NVDA& AMZN: Flag-carrier Near the TOP

MasterWU
04-26 16:37

Hello everyone! Today i want to share some trading ideas with you!

1

Finally!!!$Cboe Volatility Index(VIX)$

In one-week's time, bullish sentiment caught up more than 15%, a rare reversal in short time span.

Roughly 10% bears capitulated or are gone forever, which set up the pre-condition for next MAJOR phase.

Given the historical average, I expect it would sink below 30% $S&P 500(.SPX)$

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Flag-carrier near the TOP:

SPX is basically held up by TWO names, $NVIDIA(NVDA)$ & $Amazon.com(AMZN)$.

$NVIDIA(NVDA)$ has finally waken up to the tech-mania, jumping toward ATH--this move alone can offset the retrace from 200-300 SPX components.

This reshuffle may continue for 2-3 weeks, till mid-MAY.


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Comments

  • YueShan
    04-27 00:50
    YueShan
    Good ⭐⭐⭐
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