NVDA rings market top? | Market collapses | USD & Yields up | Metals and Miners sideways

NVDA open Thursday by giving up all its gains from after hours on Wedesnday and Pre Market on Thursday. Its the perfect reversal candle and bell ring for the top in the market bounce since the bear market began. Priced to perfect, smart money seems to have dumped on retail chasers. The Markets look like they wil perform a nice head & shoulders flush and see more downside. Tomorrow we have Powell speaking at jacksonhole. Lets see if that really is as volatile an event as people think. I reckon PMI and NVDA earnings were more significant in creating the price action to determine the near term future. Either way, we have the USD up, yields rising again, and markets and banks (and cryptos) looking to flush. The only sectors that are less obvious in terms of setup are the commodities. They look like they will outperform the markets, but its not obvious which ones will dorp with the market. Gold, Silver and the miners have shown signs of acting inverse to the market and have shown they can have green/unchanged days when the USD is strong. A lot hinges on tomorrows close, but today may have been more significant – digesting the PMI and NVDA news.

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Intro / NVDA: (0:00)
Markets – SPY / QQQ / DJIA / IWM / VIX: (02:23)
Banks – XLF / KBE / KRE: (05:06)
Yields: (06:03)
DXY / FX: (07:06)
Copper: (08:59)
Natural Gas: (09:27)
WTI Oil: (10:35)
Uranium: (11:16)
Gold/Silver: (11:49)
GDX/GDXJ: (15:11)
Bitcoin: (17:33)
Outro : (18:46)
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