Evidence

look at the relative performance of Nvidia versus semiconductors. This is not where that semiconductor money is going. Look at Nvidia relative to the S&P 500, continuing to drop.

— EarningsBeats

Notice the PPO went negative, test the center line, and is now rolling back over. That's another technical negative in my opinion. the RSI on Google. Normally when you're trending higher, most of the time you tend to hold RSI 4050 in that range. Uh we lost it back in late March a

— EarningsBeats, at 28:17

salesforce.com. Another one, look at the AD line, just kind of sideways. And then when you look at the price action going down, set a new 52-week low today, relative strength horrible.

— EarningsBeats, at 16:13

some of the stocks that you want to stay away from, Oracle, I would say be careful with it

— EarningsBeats, at 16:13

all of that over the span of 10 days, just completely fell apart, and look at the relative strength falling back down close to a 52-week low. So, these are the type software stocks that you want to stay away from.

— EarningsBeats, at 19:54

IWM we got three highs here with three lower PO readings. So we got negative divergence here. Loss of the 20-day failure to move back above here... So to me it looks like the Russell 2000 not much different than the NASDAQ and the S&P. They look like they're set up potentially fo

— EarningsBeats, at 23:31

Meta, the one of the weaker stocks in the Mag 7, gap down with earnings, trying to hold on to gap support down here, not looking great. PPO still just barely positive.

— EarningsBeats

I would think the IWM gets hit harder if the market does go down and it is because of the thought process that interest rate cuts will be pushed further down the road. I think that's more of a problem for the IWM and small caps.

— EarningsBeats

Nike I would continue to stay away. I don't know what's going on here. This is a long-term downtrend... It's been an underperformer. There's probably a reason why maybe we see another gap down with earnings. I'd be careful there.

— EarningsBeats

IBM really starting to fall apart here. Um it might you might see, you know, move back up to the 20-day moving average from time to time, but this one seems to have started a downtrend. I'd be careful there.

— EarningsBeats

Tesla, you can see just continues to test that declining 20-day moving average and fail. Uh and now going down setting another new low on Friday.

— EarningsBeats

Microsoft. First of all, look at the AD line, just absolutely collapsing. Price action collapsing. Look for a reversal down near that April low. Right now, we're just free falling, just like that Tom Petty song.

— EarningsBeats

The Russell two thousand hit a ten percent drop this past week. The Russell two thousand small cap index is in correction territory.

— EarningsBeats

there's another uh semiconductor, Broadcom, not doing so well.

— EarningsBeats

Coin, which has been kind of weak, bounced a little bit, now seems to be rolling back over again.

— EarningsBeats

This is a little bit more precarious because we already have lost the recent low that we saw back in middle part of January... This is a little bit more bearish looking because in a downtrend, what normally happens is you lose your moving averages, you go back up, you test your m

— EarningsBeats

AD line, lowest it's been in 5 months. Price action failed to get back up to the December high, rolling back over below its moving averages. It is at a 52-week relative low versus its computer hardware peers. Not good. It's not looking good against its own industry group, much le

— EarningsBeats

Tesla's still holding on to price support. AD line just recently hit about a five-month low. And then look at the relative strength. We're down near about a 10-month low. Relative low. So, Tesla holding up, but still not looking good relative to its peers.

— EarningsBeats

AD line right now probably the lowest it's been in 6 months. The good news is price price action's been going sideways. The bad news is that semiconductors keep going higher and Nvidia relative to its semiconductor peers is near 52-week low. Nvidia is usually a leader in this spa

— EarningsBeats

AD line's been going down for months. Got that big gap up with earnings and nothing but selling since and the relative strength versus the internet group just in January hit a 52-week low relative low.

— EarningsBeats

Big gap down. Look at the the volume. Look at the relative strength on Amazon.

— EarningsBeats

AD line right now near about a seven eight-month low. Looks like we're trending back down again. We just put in that low early February, went back at the 50-day, now rolling back over again. And check out the relative strength, not good.

— EarningsBeats

Microsoft had a big move to the downside.

— EarningsBeats

look at Intel, you know, with its earnings got crushed the other day because it didn't quite

— EarningsBeats

the QQQ is down almost 1.8%... the NASDAQ 100 is more concentrated in growth and that has not gone back up to set a new high since the end of October. So, we're seeing that shift, that rotation away from growth and that's concerning.

— EarningsBeats

Broadcom's another semiconductor. Doesn't look too bad going sideways, right? Well, it just moved down to about a six-month relative low versus the semiconductors. So when your biggest stocks are not leading the group, It's going to be hard for the market to go higher.

— EarningsBeats

Netflix, another pretty big one. You can see Netflix, look at this, just continues like a ski slope right now here on Netflix.

— EarningsBeats

NVIDIA, you say, well, it's not trending down. That's the good news. The bad news is NVIDIA relative to the semiconductors is about to move to a fifty two week low. So semiconductors continue to move higher, but it's smaller and mid-sized semiconductors that are moving higher, no

— EarningsBeats