Hello everyone! Today i want to share some technical analysis with you!
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Jensen Huang on ServiceNow
$ServiceNow(NOW)$: "I think the market's got it wrong."
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Back above the cloud ⛅️
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What if I told you one of the best investments of the last 25 years had nothing to do with computers, technology, or AI?
Monster Energy drink launched in 2002.
A $10,000 investment in $Monster Beverage(MNST)$ before July 2003 would be worth over $19,000,000 today.
Sometimes the best investments aren't flashy.
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What's going on here?
Overall market participation has been roughly cut in half since late March.
In the 34 trading days since the market bottom, $SPDR S&P 500 ETF Trust(SPY)$ has not once traded more shares than its previous 20-day average.
This is now the longest streak of low relative-volume trading in the S&P 500 since at least 2008.
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The last thing $NVIDIA(NVDA)$ holders want to see is a trip back to the chop zone.
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