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Both NVDA and NDX achieve higher highs with no conflict, Tom McClellan notes

Both NVDA and NDX achieve higher highs with no conflict, Tom McClellan notes
NVDA and NDX charts indicate alignment

Tom McClellan comments that a non-divergence on charts can sometimes be a stronger message than a divergence. He points to recent market action where both NVDA and the Nasdaq 100 (NDX) reached higher highs on Friday, indicating no conflict between the two assets.

McClellan has recently discussed market signals in other sectors. He argued that gold price trends point to sustained higher oil prices. He also noted that the NYSE met the first step for a Zweig Breadth Thrust signal, with confirmation pending.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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