Traders, In this video I discuss my stance on NVDA and its relative NVDS (-1.25 Bear Directional ETF). I also discuss some other bearish patterns I am seeing on the charting. This will be my last video on Trading View Unfortunately. Good luck out there everyone. OVER AND OUT
Have a great day all!
Apologies for the poor sound, I recorded this using my earphones (in a waiting room and making use of the time ;). Have a wonderful day all!
Have a great day all!
Over the past week, my tone has switched a little more bearish. I was advocating for a blow-off top in equities before this cycle ends, however, on a second look at the data the leading indicators are continuing to show weakness over the coming 6 months. Certain aspects of the economic data are positive however, which makes it difficult to be outright bearish or...
Woould love to hear your perspective in the comments section below!
Although earnings are set to grow by 75% this year, AMD has rallied roughly 30x off the 2016 low into the highs in 2018. There is currently a disconnect between perception and reality with p/e at 75 and p/b at 19.