Sell Everything And Buy Nvidia!!! (*)
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(*) AKA Market When Open, Wednesday 29 May
by Alex King
It is now completely normal for all major US indices to be down, commodities and bonds down, gold to be down, but …. Nvidia to be …. up! When everyone owns Nvidia and is all bulled up about it, that’s when the stock will start to slide, but until then, the FOMO continues to drive the name up. I confess I am completely puzzled. If you didn’t want to buy NVDA at $150, or at $500 - and most people didn’t … why would you want to buy it now?!?
Anyway, back to the task at hand. As always in these notes, today we cover all four primary US equity indices (the S&P500, Nasdaq-100, Dow Jones-30 and Russell 2000); bonds (TLT), volatility (the Vix), oil (USO) and sector-specific ETFs. We provide long- and short-term insight daily and we include coverage of leveraged ETFs which - if you have gotten sharp at the rotation and hedging methods we teach - can be used to very good effect. All of this features daily in the pay version of this newsletter.
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