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TheoNight Report - Weekend Edition, for Friday, February 9, 2024 by Don Kaufman - Weekly Wrap: Welcome to the Great Tech Squeeze of 2024
You know it as "Nvidia, the Wall Street darling that for some reason is worth $1.7 trillion."
I know it as "Nvidia: The most dangerous stock in the S&P 500 right now." NVDA's valuation is so far out of whack, so divorced from reality that it has become a threat and a symbol of what's wrong here. We'll get to why…
In fact, this wildly bullish environment is really papering over some very unhealthy market internals. I'm going to run through some Spiders that show quite a few sectors are starting to weaken. I'll show you a scan that shows just 20% of the S&P 500 is at highs.
And of course we'll look at our expected move for next week. This past week we were looking for a 68.27 five-day move. I'll show you how we did…
Click here to watch the video
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Gianni Di Poce, CMT - Let's Analyze the Top Market Movers of 2024
Here's absolutely everything you need to know about the way the Magnificent Seven tech mega-caps are doing right now. This'll take less than two minutes…
Gianni Di Poce, CMT - The Top Energy Stocks to Play
It's one of the most important sectors in the market, and one of the most diverse. Let's cut through all the noise and look at some of the smartest moves you can make in energy now…
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