January 9, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Nvidia Breakout

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of NVDA is being used to illustrate the point.
• The chart shows NVDA stock broke out yesterday.
• The chart shows the volume was higher on the breakout than in recent days.  This is a mild positive.

• The chart shows RSI divergence.  In plain English, this means RSI and price action are not inline.