$USAR likely to hit 30
It appears that the FOMO rally beating in $USAR is done and we are going to see an upward move.
It appears that the FOMO rally beating in $USAR is done and we are going to see an upward move.
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After a strong multi-month grind higher, SPY is showing classic signs of exhaustion. A rounded top could be forming — here's what to watch and why I'm turning more defensive right now.
The flush is complete
The VIX has hit a key reversal level at 18.50, triggering a risk-off signal for most stocks. Note that not all stocks participated in this rally continuing to make this is stock picker's market.
Our View of the Market Right Now
The market character has shifted from "reallocation" to "liquidation." Here is what the data says about the bottom.
$NVDA not looking great
Here's the signal we got for $NVDA two days ago on Feb 2. Consistent follow through. Any further major move could signal further significant selling. It's in a danger zone right now.