$NVIDIA(NVDA.US)

I like to look at Nvidia every time I look at the market for general direction and then compare to others like SMH or specific names like Micron, Sandisk (memory) and Alab/COHR/AAOI (networking) to have a rough idea where capital is flowing.

At the moment, capital is flowing to healthcare and financials. So the market is defensive as well as anticipating growth. Those are also names that have gone down a lot so it can be taken as a broadening of breadth and henceforth bullish. This can be taken as the thesis if tech picks up in the next few weeks while the names mentioned above holds or moves up as well.

Otherwise capital is just moving around. On a side note, July has been historically strong and markets tend to stall around here during mid term (like what we are seeing now) and then pick up towards the end of the year.

@Bridge Buzz SG