Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

If what got NVDA to its all-time high was mainly:

A) The US economy being in Quads 1&2 where top-down DEMAND was #accelerating and …
B) NVDA’s ROC (rate of change) of POD1 REVENUE Growth was #accelerating …

Then what does our rules-based ROC risk management process say you should do if you’re still long NVDA’s Bullish TREND? What should you do if/WHEN it breaks TREND?

CHART OF THE DAY: Neutral NVDA - COD NVDA Levels

CHART OF THE DAY: Neutral NVDA - Hedgeye University Email Banner 2024