Now do you believe in divergences and charts?

Starting to look like the Mag 7 is now down to the Mag 1 (NVDA), with NVDA +11% today & all other FKA Mag 7 stocks trading red. No changes to my outlook on NVDA & was very much open to a pop-earnings pop to put in a marginal new & divergent high.

I covered the levels that /NQ & /ES need to take out in order for me to add to a NVDA short in the video posted today although plenty of other fish to fry right now.

without them this world would be in a mess.

Trading purely based on just technical will get you one day and it has been for the past 2 years now that I know.

Look at the fundamental on NVDA… it’s crazy. Profit margin is like 66% and Revenue is up 230%, raised Guidance, stock Split 10:1 and on and on. How can you short this stock meaning how can anyone short the index spy and Q’s.

Again, think for a moment market is grinding higher and all we are getting is short suggestions (Swing trading meaning not looking for 2-3% pull back). Its CRAZY to me!

No worries bcoz its just a marginal new high and Divergence is still in tact and now we have even bigger divergence high!

Lets just add to short again lol :)

Hey Stockninja, China is a legitimate concern. But to give you perspective, China only has 2 active Aircraft Carriers, and they are both fueled by burning conventional oil to power steam turbines! A third one is in testing and it is Diesel Powered! Their forth Carrier, under construction now, will be their first Nuclear Carrier. Our ferocious naval capabilities are a much bigger problem for China than China is for our stock market. Keep in mind our major media outlets have been greatly influence by the CCP. Don’t rely on news agencies to keep you up-to-date on world affairs. China is acting out because the Biden administration just placed tariffs on their electric cars. The Biden administration also reaffirmed the already steep tariffs on their solar industry. China does hold a lot of our debt but not as much as Japan and Europe. Hope this helps.

Doing a little more research but actually have one eye on stock market….one eye on China/Taiwan tensions. Maybe everyone’s been focused on the Fed when we all should be keeping an eye on China/Taiwan. Invade Taiwan, put fear in the chip manufacturing industry, take down entire market since this market is fueled on this AI/semi boom. IDK, just a thought.

I hear you