Image Source: Pixabay
 

It’s a huge warning when good news is smashed.
 

Nvidia NVDA 15-Minute Chart Courtesy of StockCharts.Com

Question of the Day Yesterday

Will Nvidia be sell the news?

— Mike "Mish" Shedlock (@MishGEA) November 19, 2025

Will Nvidia (NVDA) be sell the news?

I never properly asked and did not vote. I meant judging by today, not yesterday’s after hours results.

Today, the answer is yes.

Amusing Morning Headline Hoot
 

Investing.Com changed that headline multiple times today, but kept the same link.

And it was not just the headline that changed. So did the contents.

Here’s an amusing paragraph that Investing removed.

“The market is very eager for a year-end rally and therefore is filtering news through that prism, and therefore the bulls/doves are likely to win the argument (at least for now),” said analysts at Vital Knowledge, in a note. 

Huge Sell the Good News – S&P 500
 

S&P 500 15-Minute Chart Courtesy of StockCharts.Com
 

In about 90 minutes, the opening enthusiasm collapsed.

This is the kind of action one sees at market tops. But is this the top?

Have the S&P 500 and Nasdaq Stock Markets Peaked?

Two days ago, I asked Have the S&P 500 and Nasdaq Stock Markets Peaked?

I don’t know and you don’t either. Instead, let’s discuss “What If?”

My answer today is the same as two days ago other than to say it’s more likely now.

The market is insanely priced and has been for a long time. But one should not argue with bull markets.

It’s a very bad sign when good news is sold. What more even better news is coming?

If the top is in, click on the above link to see my sobering targets.

And regarding Nvidia and AI, please see Circular Investment Deals in AI Look Similar to the Dot-Com Bubble

Please buy my product, and I’ll use the money to buy yours.

Recall Lucent’s lending of billions of dollars to upstart telecom companies fueling Lucent’s growth.

When the financing went bust the scheme crashed.

Now, AMD is paying OpenAI to be a customer, albeit in a different way. The same is going on with Nvidia and OpenAI. But at least it’s not debt financed.

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