New Market Leaders Incoming?
Hey, it’s Ross Givens here with the Chart of the Day. Last Friday, NVDA, a market leader surging almost 100% in two months, experienced a -10% intraday plunge, wiping out nearly a quarter of a trillion dollars. This ‘downside reversal’ pattern also affected semiconductor peers like AMD and SMCI. While this doesn’t signify the end of the bull market, it suggests a potential short-term top amid leadership rotation. Understanding these shifts opens doors to strategic opportunities. Join me in today’s Insight of the Day for insights on navigating this dynamic market landscape.
March 11, 2024
No Comments
