Daily Archives: May 5, 2024

Showing articles 1 - 2 (2 total)

18May3:14 pmEST

There's Something About AI

More divergences piling up outside of the AI craze in NVDA GOOGL, etc.. Besides glaring weakness in China plays, we have the REITs, below on the IYR ETF daily chart, soft and threatening to continue lower as rates move higher.  DRV is a more liquid bear ETF than SRS worth watching for the group.  I understand it seems like "nothing matters" for...

18May10:08 amEST

Triple Play Divergence

"But the Nasdaq doesn't care," is a popular--and true--refrain from bulls right now, when hearing of various headwinds and negative divergence equities are facing.  Indeed, seeing NVDA pop above $300 this week is truly something to behold.  That said, one of our two main scenarios with Members was that we would see a final pop higher in markets...

 
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