Never before have we see this many stocks go down when the S&P 500 traded higher. It's the NVDA effect.
There isn't much creativity in this market. Claim improving trade relations and rally the Mag 7 stocks.
Salesforce (CRM) might be setting up for another leg higher here.
So far the Industrial Sector (XLI) can't seem to find the momentum to push through overhead resistance.
Uber Technologies (UBER) getting the love after Nvidia (NVDA) said they were working with them on autonomous vehicle development. I'm not buying it.Â
Utilities currently leading the way - never a good sign though.
Volatility Index (VIX) attempting here to break back above resistance.
Bitcoin (BTC)Â very close here to a breakdown. If that happens, the next level is the rising trend-line at 96k.
This is why you can't chase moves, not even in SPDR Gold Trust (GLD)
I would stay away from trading Oracle (ORCL)Â until it can test the rising trend-line here and show it can hold it.