EXTREME POSITIONING IN NVIDIA TAKES A HIT, FED MINUTES AHEAD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Nvidia Positioning
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 stock is being used to illustrate the point.
- Nvidia is at the center of the artificial intelligence revolution. It is the best performing stock in the S&P 500 this year.
- The chart shows a pullback yesterday.
- The chart shows the volume yesterday was high when the stock dropped. This is a negative.
February 21, 2024