NVDA reclaimed the daily 50 SMA along with QQQ.

16 thg 8

NVDA broke out of a wedge consolidation at $109 earlier this week and has closed above the daily 50 SMA, along with QQQ and many other technology leaders. There has been a shift in market tone since the jobs report last Thursday, 8/8. Since then, all data points have been bought by the bulls, and QQQ reclaimed the daily 10 SMA, giving signs that the bull-thesis was valid. The longer QQQ and other major technology names build above the daily 50 SMA, the more likely they are to continue higher.

20 thg 8

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Profit taken at the daily upper Bollinger Band in order to add long equity at the daily 5 SMA.