The rally in $NVDA is impressive so far today, but the broader action in technology is much less convincing. One stock—even a market heavyweight like Nvidia—doesn't make a healthy tape. In fact, early today only 161 S&P 500 stocks were advancing, with Nvidia effectively accounting for the index's entire gain. I think we still need to remain cautious going into September with its seasonal headwinds directly ahead. I would like to see better participation, stronger leadership and improved tape action across tech. Before concluding we are out of the woods, let's see how we close today and what subsequent follow through days look like. https://t.co/JXzFFTmMtn
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