$NVDA Dominance in NASDAQ: $NVDA vs NASAD Index

All of us in crypto are used to looking at the BTC.D Chart (Bitcoin Dominance). With BTC.D stuck in a range between 57% and 60% we try to look at a new dominance chart which no one is talking about. Same as DeFI in TradFI we can look at one of the most famous Asset which is NVDA vs its dominance in tech heavy NASDAQ index. Let’s call it ‘NVDA Dominance’ (NVDA.D) © 😉. Further usage of the ticker should be copyrighted to me. 😊

NVDA.D is now below its 200 Day SMA. If we plot NVDA vs NASDAQQ Index, we get NVDA.D and there we see that NVDA.D is making multi months lows and below 200 Day SMA. We have not seen this kind of weakness in NVDA.D since CHAT GPT was launched in Nov 2022. The last time NVDA.D was below the 200 Day SMA it spent almost 6 months consolidating during the 2022 Tech bear market before AI sparked the new bull market.