Understanding how the market is a cohesive unit and profiting from discrepancies between assets that usually move together (pairs trading). We will see it at work here. Look where Nvidia is. compared to its friends.
1. September highs were achieved by all three (vertical and horizontal bars show date and price)
2. If Nvidia moves with QQQ,SPY,TESLA,APPLE,AMD,etc... then this company is lagging
3. Yellow signals a 1-1 move comparing the deviation of moves between these stocks. Used to gain targets for Nvidia's move.
1. September highs were achieved by all three (vertical and horizontal bars show date and price)
2. If Nvidia moves with QQQ,SPY,TESLA,APPLE,AMD,etc... then this company is lagging
3. Yellow signals a 1-1 move comparing the deviation of moves between these stocks. Used to gain targets for Nvidia's move.
