CHART OF THE DAY: Fade the Crowd

Let’s use yesterday’s Bitcoin and NVDA moves as glaring examples of the largest crowds we’ve EVER observed in markets (ever remains a very long time!):

1. AFTER Bitcoin ramped +48% for The Fam in a month, my immediate-term TRADE Signal said to sell-SOME
2. AFTER the crowd hedged the SPY (and NVDA) pot into NVDA EPS day, it didn’t boil – it ramped off the LRR!