MSFT, XLK, NVDA, SPY& GME Suffered Great Pressure Now?

TrendSpider
03-31

Hello everyone! Today i want to share some technical analysis with you!

1.

$GameStop(GME)$ Last time GME short volume was this elevated?

May 2024—right before a 500% rally.

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2.

$SPDR S&P 500 ETF Trust(SPY)$ Buyers successfully defended the $550 golden fib zone on the first test...

Key battleground to watch this week.

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3.

$NVIDIA(NVDA)$ 's rough patch may not be over yet...

Seasonality points to a historically weak two-week stretch, with a low win rate and poor average returns over the last 15 years.

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4.

Tech just triggered its first death cross since March 2022.

$Technology Select Sector SPDR Fund(XLK)$ top holdings:

$Apple(AAPL)$ : 15.31%

$Microsoft(MSFT)$ : 13.17%

$NVIDIA(NVDA)$ : 12.56%

$Broadcom(AVGO)$ : 4.01%

$Salesforce.com(CRM)$ : 3.14%

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5.

$Microsoft(MSFT)$ is now lagging over 80% of the S&P 500 on a yearly relative performance basis...

Not looking too magnificent, is it? 🔻

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Under such uncertain conditions, we can choose some other stocks to offset risks.

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