The Market and NVDA Fall Sharply. What's Next?

[@Vayanovic]

Richard, September is normally a bearish month in a financial year so isn't all this correction expected? Also, what's the best way to position for the upward movement when it does happen (because we all know that eventually that will come)

[@akfx.trading]

QQQ is your basis for trends?

[@JB-mw7zt]

I’m comparing this to your previous video. It seems to me that we are heading for significant downward pressure- there was a solid set up for HH (as you stated) and then she failed.

[@shack_SI]

Thanks Richard. You may like AMRK and GEV

[@RichardMoglen]

AMRK very strong, short term extended here. GEV forming a range post breakout looks constructive

[@iddoc8991]

Can you check EGO

[@RichardMoglen]

Below a declining 21ema

[@iEditus]

Waiting for the Fed announcement on the 18th. Could very well be a Sell the News reaction.

[@Marcusgaming718]

Very useful as always, thanks Richard. Btw, LBPH looking good as well, showing RS

[@TheAnnieApplePie]

Richard this summary in less than 20 minutes is superb! I'm a Deepview subscriber, found you and this platform on X over a year ago. For those of us that have other FT occupations, these summaries are king. Thank you!

[@RichardMoglen]

Thank you! 20 minutes is still a bit long haha

[@davidpaone9420]

You, Rai, and deepvue continue to improve my trading! Do you mostly use sit out power in taking swing trades when the qqq is below a declining 21 EMA, or start some pilots during a potential market reversal extension before the market wedge pop?

[@RichardMoglen]

If one of the top tier names sets up after the market looks to have at least started a turn I'll take it. But less is more for me until the wedge pop/higher low

[@johnholmes8760]

Do you think stock price levels are already priced in rate cuts, market if so that’s very concerning with market breakdown 😮

[@RichardMoglen]

I'm not sure. Price trends will tell us

[@danielwestereng155]

How about the EBAY 5 year chart! Nice base with strong, tight activity. Bullish volume pops during breakouts. Decreasing volume currently thru the rising wedge-like pattern. Leaving room for a volume breakout, I believe, towards 65/70. Then eventually to retry the highs near 80. Or, I am wrong, then we have major resistance at these levels, from approximately July 2020, and we don't make the move by struggling and then dropping out a bit from here. Value trade or flopper?

[@RichardMoglen]

Is ebay in the growth phase as a company?

[@danielwestereng155]

@@RichardMoglen Thanks for the question. I see this as no because they are growing revenue only like 1-2.5% annually. They've been around for a while. This disqualify them from being growth as well? but the chartttttt!!!!

[@CindoUSA]

The real question is, can Nvidia reach $112 on Monday or Tuesday?

[@AyushShweta]

CYBR and NOW looks good to me.What say?

[@darrenwendroff3441]

Very cool to see you doing analysis!

[@RichardMoglen]

Every week now!

[@hpy_____2664]

good interviews. you ask a lot of good questions

[@RichardMoglen]

Thanks!

[@denniswood1912]

Great job summarizing the current mkt conditions. Thanks

[@RichardMoglen]

Thanks!

[@RaiTrades]

Thanks Richard!

[@RichardMoglen]

Thanks Rai

[@MeArcides]

Tech sector made worst week in 2 years, are we still in a bull market?

[@RichardMoglen]

We are still in a longer term uptrend. Short term downtrend currently

[@janseyfarth9489]

Time to go fishing like Jesse Livermore for a few weeks

[@SarkisKlinik]

I think the market plays now like a casino. It is very strange for such famous stocks like Tesla , Nvidia , SMCI , Avgo that act like a penny stock with 5 percent , 10 percent , even 28 % losses in single trades. I noticed nothings works in this market and most candlestick studies and chart pattern studies also fail and most investing rules including William o`neal ect also fail. Even when you swing trade buying a growth stock with 3 percent gain you get caught to the next day a deep premarket 5 % decline and get out with already deep stop loss. The market acts like a crazy bull. The only thing that works for me is the intraday trading, which is picking stocks with over 2% upside change with very high volume and buying them during the day when they touch the VWAP. Thanks

[@RichardMoglen]

Every stocks goes through uptrend and downtrends. Surprises happen in the direction of the trend

[@ankurperiwal9704]

COMP, DRN, WAY and RAIL on my Radar

[@kippsguitar6539]

Still short Scottish mortgage, major tech fund in the UK,

[@darrenwendroff3441]

AGX looks interesting. I feel like the market has a lot to just chop a while for, interest rates, some signs that the landing will be soft and the election. Perhaps the election is the final catalyst to give the market direction.

[@tinekustec483]

However, I must say, I am a bit reserved on swings atm, just trying to find an "oversold" name either for a position trade or for a short term bounce... looking at NVDA (position trade) and BTU (coal miner) bounce to 23

[@RichardMoglen]

Seems like a good plan with the market choppy and below the 21ema

[@dkct2010]

GOOD CONTENT THANKS

[@RichardMoglen]

Thanks!

[@daninspiration4064]

Nvidia won’t dip under 94. Buy now it’ll be around 150 by end of the year

[@getknowledge37]

good stuff bro as always

[@RichardMoglen]

Appreciate it!

[@RipoffRadar]

You are awesome

[@RichardMoglen]

Thanks!

[@tinekustec483]

Thank you for your video bro! All the best

[@RichardMoglen]

Thanks!

[@michaelxy85]

My Watchlist includes $COST , $ORLY, $RACE. My overall thoughts on the market: Wake me up when september ends.

[@johnholmes8760]

DV is like driving the Starship Enterprise into uncharted space! Your thoughts on going to cash below 21 say is gold. A lot pull the plug at 200, but this is safer. VHI has made me some nice change. If a stock goes up15-20% quickly what is your approach to taking profits? Last, anyway you can make your screen a preset, I like the way you have formatting 🎉

[@RichardMoglen]

I'll sell some into strength but want to hold the core as long as it is holding above a rising 21ema

[@churchsnaturescenes7864]

I know it can be a bit risky but what do you think about the psychedelic stocks? I'm in Mind Medicine, Atai, Cybin and Compass Pathways. All these companies are putting out good results for their drug tests. I really believe these drugs are the future for anxiety, depression and other mental illnesses. September so far has been a great month for me dollar cost averaging my psychedelic positions but who knows if these drugs will ever make it to market. I believe they will though from all the positive results. I think these stocks are kind of flying under the radar for most people or most people don't want to invest in them. Let me know your thoughts.

[@glittlenh]

I like MUSA

[@RichardMoglen]

In a range her within a longer term uptrend, getting a bit later in the trend, watch for signs of failure

[@EnricoPozzo]

The choppiness is amplified from last year's seasonal pullback. I believe the un-inversion of the bond market and election are having their impact. I still believe the end of the year has the potential to be strong as it often is. I am sitting on the side of the river like a patient spear fisherman waiting to make my move for the right fish!

[@RichardMoglen]

There you go!