“Stocks Look Fine—But the Market Just Turned Red”
NVDA currently lacks momentum ('nothing going on') and has weak relative strength, preventing it from advancing despite its status as a major AI stock.
Nvidia, everybody always wants to know about Nvidia. Nvidia, you know, had this little descending wedge. Um, and when it broke above that on earnings, that was a pretty good time to get in, but it had a head fake on the buy.
Um, and it wasn't really a real breakout, and a lot of breakouts fail. This one gapped down yesterday. Um, there's a lot of nothing going on in Nvidia. And this is the big AI trade that everybody is, uh, doing, you know, back flips over.
And it's a great company, but boy, right now, it just kind of can't get it out of its own way. It's got a 70 relative strength out of a out of 99. So that's pretty weak u comparatively, right?