SMC Update Week Ending 3-1-24 Recorded 3-2-24

03/02/2024


Comments (3)
We welcome all comments related to market timing. We do not welcome political and insulting comments, however, and comments of a political nature belong elsewhere and could lead to removal and blocking the originator of such political comments.

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

csamsd834
csamsd834

I’m not sure why you don’t analyze SMH as the semis incorporate AI, servers and the mania! It’s investing 101 to be aware of a single indicator but the overvaluation argument falls into the old adage that a market can remain irrational longer than you can be solvent! SMH and IGV will tell the tale

TC
TC

PLEASE comment on NVDA as it continues to make new highs. Thank you

daniel039209
daniel039209

Tom McClellan (a seasoned technical analyst) says this about divergences: "Its a condition, NOT a signal" Divergences, overbought RSI's happen in markets. Peter has pointed out a RSI weakening while stocks go up A LOT. . Hasnt mattered one whit. Market is up 16 out of 18 weeks. We will see if any weakness comes in the weeks ahead. There are plenty of gaps on way down to be filled.

Last updated

1-3 of 3