The History Of Currency, Will Cencora’s Run Continue?, And…
Chart of the Day: Revisiting Nvidia (NVDA)
The last time we highlighted opportunity in Nvidia (NVDA), it traded at $531.40 on Jan. 9.
Today, it was up another $16.72 to $563.82. All after analysts at KeyBanc, which cited strong demand for AI chips by data centers, hiked their price target to $740 from $650, with an overweight rating. For us, from its current price, we’d like to see NVDA initially test $600, with a longer-term target price of $1,000. All with the AI boom showing no signs of cooling off.
Will Cencora’s Run Continue?
Yesterday, we looked at a Daily Price Chart of the SPDR S&P Insurance ETF noting that KIE’s OBV line is sloping up, validating the ETF’s recent bullish trend.
For today’s Trade of the Day we will be looking at a Daily Price chart for Cencora Inc. stock symbol: COR.
The History of Currency
The process of exchanging value for products and services between countries started centuries ago primarily between Asia, the Middle East and Europe. Merchants from Arabia would caravan camels that were loaded down with rugs, silks and spices. Once they reached a city they’d sell their products in open market places. The method used in those days to establish a value was the bartering system. This same system is still used today in different parts of the world.
Opportunities Bubbling Up In The Churn
Disney. Market of Stocks. If you read yesterday’s commentary you know exactly what that means. For those that missed it, loose translation is we are in a period where certain stocks will go their own way — up or down— while the averages may not make much progress in either direction.
Mixed Markets Hide This Potential Profit
It’s a tale of two markets to start the year. As we look at some sectors, one would think the market bull is still in control. However, others illustrate a potential for a more major liquidation than seen so far. So, who’s right – the bull or the bear?
Look At This QQQ Set Up
One of my favorite QQQ indicators just gave me an example of clear sign on how to trade it and I wanted to send it right out to you. Read below for the chart that showed the signal in this example, why options offer great advantages for trading it, and an update on a previous trade.
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