11 min listen
Trading Charts with Tim Knight - June 20, 2024 - Exhaustion in Tech Stocks Signals Downtrend
Trading Charts with Tim Knight - June 20, 2024 - Exhaustion in Tech Stocks Signals Downtrend
ratings:
Length:
14 minutes
Released:
Jun 20, 2024
Format:
Podcast episode
Description
The discussion focused on recent tech stock movements, notably NVIDIA (NVDA), which hit a lifetime high before seeing a pullback. Futures for the NASDAQ-100 (NDX) also saw similar patterns. Excitement surrounding XAI and its use of NVIDIA chips alongside Dell (DELL) and Super Micro Computer (SMCI) servers was noted, but exhaustion in these stocks suggests potential downward trends. Other stocks discussed included Tesla contemporaries, small caps, and sector-specific movements in financials and utilities, highlighting market volatility ahead.
Released:
Jun 20, 2024
Format:
Podcast episode
Titles in the series (100)
Confirm and Send - June 3, 2024 by The tastylive network