Progression of Thought

The following links are a summary of market related comments (made on other channels or platforms) for the week.

This past week has been interesting, with potential kick-off, of the A.I. implosion (not advice, not a recommendation).

Tuesday

The crash of 1899 was in December. So, it’s happened before … (link here).

Wednesday

Tomorrow will (likely) be an interesting day. For the SOXX, a move above or around 294 – 296, will likely take out the shorts. (link here)

Thursday

Nvidia has already peaked (October 29th). Today’s action was a ‘test’ of that reversal. Watch to see if NVDA closes lower for the day. (link here)

Summary

The SOXX, never made it to the target range. Highest print for last Thursday, was 289.99; then, it collapsed.

Nvidia action for that day looked like a test; then closed lower for the day … then lower again, the next day.

Stay Tuned

Charts by StockCharts

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