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Nvidia Begins To Falter

Nvidia (NVDA, daily & weekly) fell for a fourth straight day, tumbling this week below its 21-day line and starting to approach its 50-day/10-week. The chipmaker has been one of the biggest leaders since late May. If Nvidia and other chips sell off this rally is in trouble. Investors who bought in late May/early June might have taken profits at the 21-day line.