Mostly SPY but I do go through important individual names to see how their charts are set up. When it's coming to sentiment specifically looking at cross asset behavior can be more telling. Trying to understand the sentiment behind the moves, like today LT govt bonds catching a bid that means there is a little more fear driven versus sector rotation just as an example.
NVDA chart not looking good failure to get over 136 followed up by failure to hold 120, strong set up for lower but has good support at low 90sNVDA....
Knowing jersey it probably makes setting up tollbooths safer or something.
Nvda in the tech world is the sentiment driver. There’s value and growth in some of the other mag7 but nothing to drive the kind of overall market sentiment that nvda can. That will change if one of them figures out a more impressive ai.
I mean this is exactly what the Amazon Go stores ended up being. A bunch of Indians watching you on cameras and charging you for what you walked out with instead of some miracle technology they claimed it to be.
