I think a rotation is in order here. INTC hasn't underperformed this two, and specially AMD like this in a long time. All timeframes look like this might be a bottom in the ratio, so, I'd reccomend swapping your $AMD for $INTC if you have any, and/or take the pair trade. As you know, I'm 10% long $INTC, and also shorting $NVDA, but I have no $AMD position. The...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Needs to finish above Tuesday's low of 111.22
I was looking at GPRO last night, and this is kinda how GPRO saw it's final leg up. Pull back and then a pierce above the recent high, followed by an intense sell. We shall see.....
RSI says maybe not yet, but while Nvidia may feel stronger than ever, perhaps global economy isn't able to keep up with the pace. Only time will tell.
Fundamentals: Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade. The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter,...