NVDA Topped?

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NVDA Update

• We looked at NVDA 1-2 months ago. 

• After the initial sharp drop, NVDA had a nice bounce almost to the all-time highs, which appears to be corrective so far. Then it turned down again.

• The daily cycle composite generally points down into early 2025, with bounces along the way.

• NVDA is key for the Semiconductor Index, but also for NDX. I will be watching it.

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