Bearish Divergences in 2 KEY Growth Stocks: BEWARE!

06.13.24: Final Bar host David Keller, CMT highlights another new all-time high for the S&P 500, a concerning "hanging man" candle for the SPY, and troubling bearish divergences on the charts of AMZN and GOOGL. He also breaks down short-term and longer-term levels to watch for NVDA, ANET, and PYPL.

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00:00 - Intro
00:27 - Market Recap
06:59 - S&P 500 Large Cap Index ($SPX)
09:27 - Bitcoin to US Dollar ($BTCUSD)
11:11 - SPDR Gold Shares (GLD), CBOE 10-Year US Treasury Yield ($TNX)
13:43 - NVIDIA (NVDA), Amazon (AMZN), Alphabet (GOOGL)
16:20 - Arista Networks (ANET), PayPal Holdings (PYPL)

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[StockChartsTV]

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[clauderobotham]

Hi, Dave. I like the new format. Maybe just one somewhat longer show a week where you interview a guest would be good. Among the guests I've liked best are Mish Schneider, Leslie Jouflas, Samantha LeDuc, Danielle Shay, Adam Turnquist, Jesse Felder, Tony Dwyer, Ari Wald, and of course the incomparable Julius de Kempenaer. Also, I hope you'll continue the monthly 10 Top Stocks with Grayson Roze. Thanks and regards.

[sridharv]

I miss the old format too. I know attention is at a premium these days, but a lot of nuance gets lost trying to keep things to well under 20 minutes. I prefer longer and more detailed, even after editing out some of the "fluff".

[paretous_x]

great update as usual, Dave - thanks.. I do believe the market needs a correction with so many big names over-extended: GOOG, AMZN, NVDA .. but that doesn't necessarily mean a reversal to bearish .. time will tell..

[gsk]

gt video Dave. yesteday noted ity took nose dive against spy on 30 minute chart. it is poosible the technlogy is advancing that is why transport is going down? i am not sure. my best

[randyshelton]

you do great work, extremely helpful information. Always a pleasure to get your daily updates. Job well done! Thank you....

[ricklanders]

Good summary, but I miss the old format.

[cedykeman]

I like it when you talk more than just analysis of the days major indexes. Maybe the longer show was a bit much, but just reporting what everyone sees. is sterile and not nearly as fun as exploring a few stocks like you did today. I'd like to see a cross between the longer show and the shorter one. I hope the studio is still there.

[PInvestor]

Thanks Dave. Actionable highlights and insights on individual stocks. Beginning to warm up to the new format especially the second half. Best regards.

[Christopher.Capital]

I'm not too familiar with the sector, so not sure about it's competition, but... I wonder if crypto has taken market share from Paypal? Thank you 😊👍

[rubengroen]

Great job as always. Appreciate the work on NVDA. Always wondering when I should sell my position. No time soon seems to be the answer.

[rustinrodgers]

Thanks Dave, excellent as always! Are you guys taking a summer-off from the office? 😁

[annunakian]

For a second I was worried you'd leave us without letting us know your hands are sanitized...