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Smart Money Sells

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

  • In the Morning Capsule, we wrote:

Nvidia (NVDA) stock is the leader of the artificial intelligence stock market rally.  Nvidia earnings are Wednesday after the close.  Nvidia earnings have the potential to change the course of the AI frenzy driven stock market rally.

  • The chart shows when smart money started selling artificial intelligence (AI) stocks.
  • Smart money selling AI stocks is consistent with smart money’s pattern.