Markets have normally topped out when the number of CNX 500 stocks trading above 200 DMA crosses 70%. Thus, we can see some corrections in the short-term. CNX 500 Stocks Trading Above 200 DMA.
Michael Burry calls Nvidia ‘heck of a trade’ after Huang’s scandal sparks $430 bn selloff. Why is Big Short fame dismissing fears?
Michael Burry sees a near-term trading opportunity in Nvidia despite his broader concerns about AI valuations. The Big Short investor believes Jensen Huang’s personal controversy