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Pattern of Alternating Days Continue For NVDA, S&P, & NASDAQ
We continue to see a pattern of alternating green and red daily candles headed into NVDA’s earnings announcement. Today is the big day, and NVDA will announce earnings after the market closes. There is a lot of FUD surrounding SMCI headed into NVDA’s earnings announcement. Within the first 30 minutes of the day NVDA is […]Read More
SMCI Delays Annaul Report & Raises Fraud Concerns
Yesterday SMCI was accused of fraud, but the claims didn’t seem too believable without any evidence. Today SMCI announced that they are delaying the announcement of their annual report, which is raising some red flags that there are some concerns about fraud. SMCI opened the day with a bearish gap lower, and is trending down […]Read More
Yield Curve Uninverts & Triggers Recession Concerns
The yield curve has officially uninverted by crossing above 0%. This uninversion usually occurs right before a recession, and we also see other recession signals such as the Sahm’s rule that was activated a few weeks ago. Right now the market is not showing any signs of a recession, but if the Sept. 6 jobs […]Read More