In this episode of StockCharts TV's The Final Bar, David Keller, CMT tracks the market's downside rotation as the S&P 4500 level once again serves as key resistance. He highlights semiconductor names, including NVDA and AVGO, that are breaking below their 50-day moving average, then digs into market sentiment indicators starting to rotate lower from extreme bullish readings.
This video originally premiered on August 9, 2023. Click on the above image to watch on our dedicated Final Bar page on StockCharts TV, or click this link to watch on YouTube.
New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.
About the author:
David Keller, CMT is Chief Market Strategist at StockCharts.com, where he helps investors minimize behavioral biases through technical analysis. He is a frequent host on StockCharts TV, and he relates mindfulness techniques to investor decision making in his blog, The Mindful Investor.
David is also President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research firm focused on managing risk through market awareness. He combines the strengths of technical analysis, behavioral finance, and data visualization to identify investment opportunities and enrich relationships between advisors and clients.
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