AI Tech Stocks Flashing Red Lights in the Chernobyl Control Room

By: Nadeem_Walayat

AI Stocks Flashing Red Lights in the Chernobyl Control Room (3 or more).

AMD - 5 Red Lights

Nvidia - 4 Red Lights

Apple - 4 Red Lights

ABBV - 4 Red Lights

Intel - 4 Red Lights

Micron - 3 Red Lights

Amazon - 3 Red Lights

In terms of fairly valued - Broadcom despite it's parabolic bull run, Google, TSMC, META, AMAT, LRCX, Pfizer, so whilst NOT CHEAP. these are not at FOMO valuations, I would definitely eye accumulating on the next dip.

That's right Broadcom is CHEAP! Something you won't know if you just focus on the stock chart!

Medium risk - WDC 6 RED Lights! is looking very dangerous. whilst there is a sea of EGF reds across the medium and high risk stocks which suggests they are undergoing Q2 pain, Q2 and Q3 will be painful economic quarters, US could dodge negative GDP for Q2 but Q3 looks set to be negative, though one quarter of negative GDP is not going to be enough to call an recession.

Bottom line stocks soaring with negative EGF's suggests we are in a bit of a FOMO phase that I am capitalising on by trimming as opps arise and where the metrics are flashing RED WARNIGS such as for Micron, it's the best one can do without the benefit of hindsight so I will continue trimming into the rally should it continue!

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S&P

Targetting 4600 Mid Summer 2023.

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By Nadeem Walayat

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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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