Tech sector funds have seen report inflows this week, in accordance with Financial institution of America’s Funding Technique and EPFR, whereas crude oil costs (BZ=F, CL=F) are on the rise. As well as, Nvidia (NVDA) shares had been slowed down in Friday’s session following a sell-off on Thursday. What’s within the chip large’s future, and may its inventory value handle to bounce again?Yahoo Finance’s Jared Blikre walks by means of the newest market tendencies for Friday, June 21.For extra professional perception and the newest market motion, click on right here to look at this full episode of Asking for a Development.This publish was written by Nicholas JacobinoVideo TranscriptThe main indices ending the best way little modified as tech shares stay within the highlight.Funds Jar is right here with extra of his buying and selling day takeaways, and we begin with report Tech shut, which is so fascinating to me since you would not not by the worth motion this week.No.And it is generally you see a bunch of flows, however you realize the worth.You would possibly see a variety of promoting form of disguised in there, and that is the very best quantity day of the yr, or it needs to be.Proper now, I have never calculated the the ultimate to, However for those who wished to promote a variety of tech and guess what Apple was offered to a tune of $10 billion a day to make room for NVIDIA and XL Ok. Effectively, this might be the week to do it.Now the reporting is from the final 5 days, so I imagine that stretches again to final week.However right here is that Spike.Uh, this goes again all the best way to what, 2016, 2017.And that is $8.7 billion.Michael Hartnett’s workforce that tracks these flows is looking it a I cap that suggests an ending of some kind.However, you realize, the topping is a course of.So one factor I am fascinated by is the truth that seasonality and I confirmed this the opposite day with Josh.Uh, seasonality favours the bulls the first 10 days of July, and that is simply market large.However I am considering for those who’re in search of a summer season lull, you would possibly search for it after that July, I used to be gonna say, too once more.Capitulation implies completely different costs that we have been seeing, you realize?However I feel capitulation can imply various things you’ll be able to see like on the backside of a bear market.You may see a inventory do that.It simply plunges proper, after which it rebounds.That is a capitulation of a unique kind, however you’ll be able to have an exhaustion.I consider shopping for that ends in capitulation with a form of, you realize, an uptick.Even fascinating.OK, let’s additionally speak about commodities.Lets WT crude punches above $80 a barrel.So let’s let’s convey up a chart right here.That is going to be WT I crude futures yr to this point, and this is the sample that I am fascinated by.Story continuesThis is the $80 value degree we’re spending a while beneath that punched above.Now we have come down.The following logical transfer is take off, however you want a catalyst.So what might be a catalyst?Effectively, we had been simply speaking to a visitor earlier hurricane season, proper across the nook, OPEC Plus Not more likely to transfer the needle, however they might.Biden might attempt to pull a lever within the election yr.These items occur, however I feel hurricane threat is definitely most likely underappreciated proper now.Positioning within the oil market could be very low, in order that simply means the potential to go increased is there.Lastly, we’ve XL E, and I am going to put a line chart right here.Multi decade highs and you’ll see this excessive form of in keeping with this excessive form of in keeping with this excessive takes some time to place these 16 yr patterns in play.However my query, uh, my query for the viewers is what occurs if we punch above right here?However I am going to present you one other chart.This is WT I Crude futures vitality may be very vary certain as a result of the inventory value a variety of these features are returned to the shareholder within the type of dividends and likewise purchase backs.Attention-grabbing.Effectively, not excellent news for drivers, maybe doubtlessly this summer season, however we’ll see about that.After which lastly we speak about we gotta I imply, it is gotta be NVIDIA is.Does NVIDIA Can we are we like, as Josh likes to joke, we’re contractually obligated to talk about a video on the present.We’re not likely, but it surely appears to go that approach.Sure.All proper.So let me convey up NVIDIA right here.I suppose that is gonna be a Max chart.That’s That may be a parabola if I’ve ever seen one.However I wish to concentrate on the worth motion right here.Loads of consideration is on this candle.That is from yesterday.That was a giant crimson candle.What did you name it earlier?Bearish.Engulfing As a result of it engulfs your entire physique of the earlier candle.Exhausting to see there.It is actually small.Plus, uh, I over drew over it, but it surely jogs my memory of this value motion proper right here.That was in March.This was a report excessive.We received that large crimson candle, after which we form of backed and stuffed for just a few months.So for those who’re a giant NVIDIA fan on the very least.Possibly this units up a possible shopping for alternative.Not proper now, essentially.However, you realize, within the coming weeks, I’d additionally add that with choices expiration in the present day uh, half of the gamma.That is a really wonky time period rolled off.However the internet impact for folks for traders subsequent week is that NVIDIA is gonna commerce extra freely.Uh, when you might have excessive gamma, that simply form of mutes the volatility.There’s a pattern to the upside, however we’ll see issues in a different way subsequent week.And we’ll speak about NVIDIA once more.You guess.Thanks loads, Jared.