Nov 20 Stick to the plan that works, while valuations get reset

$NVDA $PANW

Market

“I have been on the sidelines for the last 2 weeks and have been consistently mentioning to not get into choppy markets, which has paid off as markets went lower on good Nvidia earnings ” 😊 😋

All 3 indices went lower on news of AI bubbles

While Nvidia’s earnings were good and strong, the overall AI valuation for most companies (including $PLTR ( ▼ 0.58% ) and $NOW ( ▲ 1.62% ) ) have been strong. The market breadth is also weak with New High Low ratio below 1 for the first time in nearly 7 months. We are still not actively trading for swing opportunities.

Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.

Insights from the portfolio

Video of the day

Today’s video is on Palo Alto Network $PANW ( ▼ 1.17% ) the cybersecurity company.

Deep dive of the day

Good setups for swing