NVDA sidelined, NFLX trap, DUOL & HIMS await bull cycles, AMR testing support
Market focus remains on selective entries:
NVDA sidelined amid potential correction, NFLX shows short-term weakness, while DUOL and HIMS await confirmed bull cycles.
Meanwhile, AMR presents a historical bounce opportunity at key support.
1. $NVIDIA(NVDA)$
NVDA flat on the day. As I said last week, I’ve closed all fund positions and shelved the bullish thesis for now.
When the Monthly BX is red, it usually signals either compression or a correction.
Neither is an environment I want to trade in.
2. $Netflix(NFLX)$
This $NFLX bounce looks like a trap.
Big 2-week move up, but THT Monthly BX is still dark red and the short-term trend is down.
That combo often leads to another selloff.
I’ll wait for our long trigger instead of chasing.
3. $Duolingo, Inc.(DUOL)$
“Cheap” is not a reason to buy. $DUOL is a good example.
I’d rather enter late at the start of a clear bull cycle than nail the exact bottom.
Once we get confirmation of a true bottom, then I’ll look to go long.
4. $Hims & Hers Health Inc.(HIMS)$
HIMS is down ~70% since its Bull Cycle ended.
THT MBX flagged the end of the run in late October after a +400% multi year move.
Lesson: only trade long in bull cycles. Let everyone else try to catch bottoms while it’s still burning.
5. $Alpha Metallurgical Resources Inc(AMR)$
I’ve been rotating capital into $AMR.
THT MBX is green and price is currently testing bias support.
Historically, this level has produced a bounce about 75% of the time.
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