Tech Wreck ??

The study below reminds me which atmosphere stocks such as Nvidia (NVDA) are trading within.

It can be useful to those who use words such as “momentum” or “break-outs” as reasons for their investment or speculation decisions.

This study can also be applied to a bunch of the fabled tech darlings.

Keep in mind that mean reversion is a real thing.

What if NVDA’s stock price fell to $240?

While I see demand in certain industries and products, I’m also warning that valuations matter and the world won’t always need a new gadget let alone do we need another subscription software service.

I doubt that productivity, convenience or joy can be increased commensurately.

The second attached study features the Nasdaq 100.

September 12, 2023

by Rob Zdravevski

rob@karriasset.com.au