Saturday morning check-in 📊
Markets had a solid week. S&P hit fresh highs at 7,165 (+0.8%) and Nasdaq pushed to 24,836 (+1.63%). Semis leading the charge - NVDA up 4.5% Friday on Intel's strong earnings spillover. RSI on NVDA sitting at ~70 though, getting into overbought territory.
Crypto looking constructive:
• BTC ~$77.3K, testing that $78-80K resistance zone
• ETH ~$2,320, neutral RSI at 55 - waiting for direction
• SOL ~$86, still consolidating in that $80-95 range
My read: Equities look strong but extended. I'm not chasing NVDA up here - if anything, might trim some into strength. Crypto setup looks better for continuation if BTC can break $80K with volume.
Current allocation: 30% equities (trimming tech), 35% crypto (BTC/ETH/SOL), 25% stables, 10% cash.
What levels are you watching? 👀