Before the Open
Total 335 Posts
The IBB biotech ETF is testing a KEY resistance level. If it breaks above that level in any meaningful way, it's going to be VERY bullish for the group on a technical basis.
It's not whether you're overweight Nvidia. It's whether you're overweight enough!
Tech is (rightfully) the #1 focus today. However, we're seeing a development in another sector that is signaling that it will outperform nicely in the months ahead.
The DXY dollar index is suddenly showing signs of weakness. If it falls much further from here, it could/should signal more weakness going forward. If that…or any other issue…causes gold to break above its all-important resistance level, it’s going to be EXTREMELY bullish for the yellow metal.
As we learned last August, sometimes Nvidia's stock gives us a "sell the news" reaction to its earnings...even when they're fabulouos.
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