Nvidia’s stock price surged last week, reaching an important Fibonacci extension level (361.8).The rally has been unprecedented. Nvidia (NVDA) is a large cap tech stock and its price has doubled in just 9 weeks! But something happened last week. Nvidia’s formed a bearish reversal candle on the weekly chart. See chart below.This is a rare pattern that often times will show up on aggressive/parabolic moves… and often times signals a trading top. Sign up for our FREE newsletter and receive our best trading ...

Over the weekend I mentioned how on Valentine’s Day, I talked with Jon Erlichman of Bloomberg about what tradeable instrument I would date and which one I would marry.He also asked me, to comment on which instrument I believed got away? To refresh memories, I am dating COIN-up over 12% to start the week.I married silver, up nearly 3% on Monday. Sign up for our FREE newsletter and receive our best trading ideas and research Leave this field empty if you're human: But the one that got away?Microsoft ...

This week saw a number of big data news headlines… but we could only pick 3.Could Apple buy its way into the Electronic Vehicle market? How about Snowflake’s financials and guidance? And lastly, we discuss the latest inflation data. Data Point #1Apple Drops Car Making, Who Could they Buy? Sign up for our FREE newsletter and receive our best trading ideas and research Leave this field empty if you're human: Why does this matter?This week, Apple made waves by halting its car-building venture. Many v ...

Apple’s stock valuations are near their most expensive levels of the last ten years.Now consider that today’s valuation premiums are amidst a much higher risk-free bond yield than during most of the previous ten years. Apple’s stock (ticker AAPL) has a market cap of $2.8 trillion. Assuming its price-to-earnings ratio and margins remain stable, Apple must sell nearly $400 billion of products and services each year to keep its share price stable. To fathom that, consider that every man, woman, and child on ...

Sometimes, a narrative dominates the financial/social media and promotes a mania among investors. Today, the Magnificent Seven is a great example. Seven stocks, including Apple, Microsoft, Google, Tesla, Nvidia, Amazon, and Meta, are media darlings that many investors favor. Fifty-plus years ago, the Nifty Fifty were the stocks to own. They held a similar place as the Magnificent Seven in investors’ minds.None of the Magnificent Seven companies existed in the heyday of the Nifty Fifty, but a unique valuat ...

The NYFANG+ index of leading growth stocks is up about 12% YTD, while the S&P 500 and Nasdaq 100 have gained only 5%. While stocks like NVDA are making headlines, it’s important here to watch names that have recently gapped higher.  In a bull market phase, leading stocks will break out, and then price will often move even higher as additional buyers are willing to pay more and more for winning names.  In a bearish phase, however, gaps higher will often stall out, representing an exhaustion of buyers. If ...

Nvidia has captured the technology investor community by storm.Nvidia’s stock price (ticker: NVDA) has surged in recent weeks and this has lead the broader stock market higher! But, as you can see on today’s “weekly” chart of Nvidia, the high flying NVDA hit its 261% Fibonacci extension level last week, where it created a bearish doji star pattern at (1).Recent weakness has me concerned that any further selling might trigger a broader stock market correction. Stay tuned! Sign up for our FREE newsletter ...

Over the last four quarters, Tesla generated total revenue and earnings of $96 billion and $15 billion, respectively. Toyota’s revenue and earnings are roughly three times larger at $299 billion and $44 billion. Yet Tesla’s market cap is more than double that of Toyota.   Tesla shares have soared since going public, while Toyota and other major auto manufacturers’ shares have meandered along. Since going public in 2010 at $1.59 (split adjusted), Tesla shares are up nearly 12,000%. That figure is more stun ...

Semiconductor stocks have been leading technology stocks higher. And today’s Semi stock has been red hot: Advanced Micro Devices (AMD)As you can see on the “monthly” chart below, AMD has been ripping higher in recent months. But it’s important to note the shaded areas. The blue shade highlights price from the 2000 dot-com high to the 2009 financial crisis low. This would be the 0 to 100% blue shade area for Applied Fibonacci purposes. The green shade area highlights price all the way up to the 161% Fibonac ...

Alibaba.com is one of the world’s largest wholesale marketplaces.To be honest, I had never gone to their website until today, even though we bought shares in BABA 2 weeks ago. So, in case you are like me and have not checked them out, they sell a lot of consumer items in bulk. And they also sell pretty much everything. For instance, if you want a 1000w off grid wind power Free Energy System for your home or business, you can get one and find an online description of the supplier, including their annual rev ...