Is NVDA Key to Next Leg of Market Rally?

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLW5vY29va2llLmNvbS9lbWJlZC9tX1RqWnRzV2Ywcz9zaT04TVl0WkZoQzNhQ3k3MGRpIiByZWw9IjAiIHRpdGxlPSJZb3VUdWJlIHZpZGVvIHBsYXllciIgZnJhbWVib3JkZXI9IjAiIGFsbG93PSJhY2NlbGVyb21ldGVyOyBhdXRvcGxheTsgY2xpcGJvYXJkLXdyaXRlOyBlbmNyeXB0ZWQtbWVkaWE7IGd5cm9zY29wZTsgcGljdHVyZS1pbi1waWN0dXJlOyB3ZWItc2hhcmUiIGFsbG93ZnVsbHNjcmVlbj0iIj48L2lmcmFtZT4=[/video_player]

Today looked like a typical rotation to defensive sectors like Staples, Healthcare and Utilities. However, are these the drivers for the current market rally? Looking beneath the surface shows NVDA at the center of the next move in the market. (IYR, ARKK, SOXL, LEN, PYPL, XLE).

More from TheoTrade

Where SPY’s $13 Box Breaks

What Kept Me Out of IGV

Wall Street Upgraded This Stock After It Already Bounced

60% Of The S&P 500 Is Already In A Bear Market

The One-Lane Rule Behind $900 Million Paychecks

You Thought the Rotations Were Over?


Most Recent

Where SPY’s $13 Box Breaks
What Kept Me Out of IGV
Wall Street Upgraded This Stock After It Already Bounced
60% Of The S&P 500 Is Already In A Bear Market
The One-Lane Rule Behind $900 Million Paychecks

Get educational market insights sent right to your inbox.

As Seen In