$Semiconductors Bear 3X Shares(SOXS)$ We checked the moving average prices of major semiconductor companies. This is based on the previous day's closing price. What's interesting is that Nvidia's market capitalization is higher than the combined market capitalization of all major semiconductor companies in the United States. There is $NVIDIA Corp(NVDA)$ above the D-EMA5 line, $Qualcomm(QCOM)$ and $Advanced Micro Devices(AMD)$ near the D-EMA10 line, and $Broadcom(AVGO)$ near the D-EMA20 line. For a bear like me to laugh, NVDA needs to be brought down to 700, which is the D-EMA60 line. If that happens, I expect $SPDR S&P 500 ETF Trust(SPY)$ / $Invesco QQQ Trust-ETF(QQQ)$ to retreat by 5-10%.
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- m akhtaar·03-15😮😮😮🤔LikeReport