MarketSurge powers the charts in this video.
Interest rates are falling, the US Dollar is pulling back, and the SPY closed the month at new all-time highs. The dips in crypto are getting bought as the new administration is shaping out to be significantly more friendly to the industry.
NVDA flushed below its 50-day moving average and bounced higher. If it manages to close above 140-141, it will likely recover towards 150 by the end of the year.
The build-up of AI infrastructure continues with full force. The stocks participating in the process keep making higher lows and higher highs – VRT, VST, COHR, NRG, ANET, etc.
AMZN also bounced and it is setting up near its all-time highs. Anything e-commerce did well in November – SHOP, GLBE.
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