NVDA reclaimed the daily 50 SMA along with QQQ.

Aug 16

NVDA broke out of a wedge consolidation at $109 earlier this week and has closed above the daily 50 SMA, along with QQQ and many other technology leaders. There has been a shift in market tone since the jobs report last Thursday, 8/8. Since then, all data points have been bought by the bulls, and QQQ reclaimed the daily 10 SMA, giving signs that the bull-thesis was valid. The longer QQQ and other major technology names build above the daily 50 SMA, the more likely they are to continue higher.

Aug 20

Trade active

Profit taken at the daily upper Bollinger Band in order to add long equity at the daily 5 SMA.