Friday, January 23, 2026

Topping or Correcting?

 1/23/2026

NVDA

Would you buy this stock now?  Here is the hottest stock of the entire tech mania. Okay it fell into Liberation Day as did everything else. Momentum indicators RSI top and PMO are turning down not up. I have looked for a top for some time now.  Metals have reached outer space territory, only Google is up from mid year among the Mag 7,   thirty year bond is still well below its H & S neckline,   the US Dollar is down again today by .85 of a point, after  Lutnick's booed down performance, now wonder. 

Venezuela is over, there might be a Ukraine deal, why on earth is Trump including Putin in his Peace Board, Greenland is over, we have the convergence of many things, oh yes Davos is over, see my previous post.   All of these things are converging. 

US Dollar


 Silver, market in vertical position no further analysis is possible. SIlver options are at insane levels as gamblers bet on a continued rally. The correction will be swift and long lasting. 


 


 

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