Technical analysis of the major stock indices, semiconductor sector, NVDA, AVGO, USD/JPY, & more for the week ending Friday, Sept 6, 2024.
As we’re heading into the final 10-minutes of trading, here are the bullet points from this video:
- Today’s price action further solidified the longer-term bearish case & after a couple of position reversals in my active trading account today, I favor (and will be/currently am) going home short for the weekend (still positioned with swing shorts in the longer-term accts & even just added some more short exposure there).
- However, nothing too heavy in my primary account due to the extra overnight weekend risk plus the fact several key stocks, indices & sectors are poised to close on, just above, or just below key supports.
- I am publishing this post before the video has been fully processed on YouTube’s servers to get these notes out before the close. Try refreshing the page every couple of minutes until the 720p HD playback quality option become available.
- Have a great weekend! –rp