Hello,
#SPX500 Rose 15% Since April 18th 2024 without strong correction. This rise is fueled by the Top 7 Giants, these companies became extremely over valued and we could see large investors start to take profit now.
#NVDA P/B is 63 This means for every one dollar, Investors are paying 63, this is extremely high.
and the stock for sure over-valued, would this explain why today there was high volume of 31M shares, and Net sales of 7.5M shares ? would this continue?
#Apple P/B at 47 which is extremely over-valued as well.
So we could see #NVDA and #APPLE fall quite a bit harder.
Overall, 40% of SPX companies only above 20 day MA which indicates most stocks are falling, but the index is rising due to the fact the TOP 7 are holding at extreme prices.
This point is called Maximum Financial Risk and could see a strong fall.
#SPX500
#NASDAQ
#VIX index is rising and could rise to 20
Best luck and trade safe
#SPX500 Rose 15% Since April 18th 2024 without strong correction. This rise is fueled by the Top 7 Giants, these companies became extremely over valued and we could see large investors start to take profit now.
#NVDA P/B is 63 This means for every one dollar, Investors are paying 63, this is extremely high.
and the stock for sure over-valued, would this explain why today there was high volume of 31M shares, and Net sales of 7.5M shares ? would this continue?
#Apple P/B at 47 which is extremely over-valued as well.
So we could see #NVDA and #APPLE fall quite a bit harder.
Overall, 40% of SPX companies only above 20 day MA which indicates most stocks are falling, but the index is rising due to the fact the TOP 7 are holding at extreme prices.
This point is called Maximum Financial Risk and could see a strong fall.
#SPX500
#NASDAQ
#VIX index is rising and could rise to 20
Best luck and trade safe
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signalsview.com
Contcat us to activate systems and access trading signals
Contcat us to activate systems and access trading signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.