todd gordon trading analysis.com tim seymour. >> yes. >> i don't know spp smh that complies $7 from theay. >> look, on semis 8% off the lows todd pointed out where we are in the pullback. it's constructive we have a bounce but remember we went down 18% in october alone. the em the outperformed s&p off the lows in january you are seeing ditchi seeing divergence. it's now about 15%, where is the loweredship coming from? pete you like liked intel in the past it's a relative outperformer the weakness in data center for invite individualia and see a read through which announced a buyback after the bell today. >> my hufrmg is i think intel is making moves and actually starting to get into a better competition and winning more in the data center. and also let's look at nvidia report, my goodness, the fact that the gross margins were within a couple% and that cryptowas weak and then you look at deceleration in the the data center that's negative, negative but the stock when you look at where it was at highs in october, it's $130 or more off of the highs now you start to look at nvidia that make

. >> todd gordon of trading analysis guy what do you think more volatility. >> without question. i think pedro would say the same thing although the vix is now below 20 i thought the vix would top out at 30. let me mention a specific top. todd, mcdonald's, we have been universally extraordinarily bullish on mcdonald's for god reason stock has been unbelievable. i think it made an all-time high within the last couple days if not today. you look at margins, outstanding, the last quarter great. at a certain point valuation is going to be mattering. and at close to 23 times next year's earnings in my opinion, mcdonald's might be getting ahead of itself and a lot of stocks find themselves in that type of -- in that sort of circle of maybe we should taking profits here >> i think you got to be tactical what i take away from what todd is saying. you're in a market that's not easy to trade. it's not going to be like the last several years you got to take profits when you have them and boy the dips when can you. and just trade around this market you have to be tactical. >> this goes by re

. >>> welcome back to "power lunch" i'm mi gina sanchez and todd gordon with tradinganalysis.com nvidian 30% off its highs in a hurry still off 200% how does it stand to you right now? >> actually quite a boring period in nvidia here for over a year the market was very range bound. really not gaining any momentum, what you'll look at here is a relative strength index. measures the momentum of the trend. you can see we're making lower highs here we did a huge flush. $110 move down into the 180 mark which is right here on the shelf. this is the weekly chart and let's flip down to a daily chart and each bar we're looking at we'll represent one day. here's that big $110 drop. this is the $118 that i just referenced the overall semi space we're showing relative space in the semis which was a major source of nasdaq weakness i like the move up we made a higher low and we're starting to see semis move back. i'm not involved in nvidia >> gina, it was only a couple of months ago that the story on nvidia, the perfect company and the perfect part of technology and mobility and gaining chips and has

todd gordon with trading analys analysis.com to discuss that this stock has been on another one of its into the higher end of its range. where do you see it heading from here >> it's actually been rather rhythmical you're going to see three main setbacks there's actually a lot of rhyme and rhythm and repetition in this chart if you take a percent drop of the initial decline back here in 2016, 34%. we'll have another serious setback right here this one, 37%. and then this big one that we've seen when elon musk was taken to task seemed like it was a big vicious selloff, guess what the present was, 36% we're seeing a very clean setback kind of corrective within the trend i think if we hold the bid and i think we will, the 389 high is in jeopardy and we should be able to get up to elon's 420 on the breakout i'm going to play this on the long side. i like the look of the chart. >> mark, you've been bearish on the name they've been showing profits now we have a new chair. changing your mind at all? >> no, i mean, i think tesla's got a great product, but having a great product doesn't mean i

gordon. the pats win, 31-17. >>> down to the big easy, a shoot-out between the ints. that is toddhe pylon for the score there. but drew brees came out firing. number 9 346 yards. 211 of those yards went to one guy, michael thomas had a day. the saints win, 44-35, handing los angeles their first loss of the season. new orleans improves to 7-1. >>> finally, in the mile high city, denver down two. three seconds left, the field goal to win it by brandon mcmanus sailed wide right. the texans the season. we'll be right back. to look at me now, you don't see psoriasis. you see clear skin. you see me. but if you saw me before cosentyx... ♪ i was covered. it was awful. but i didn't give up. i kept fighting. i got clear skin with cosentyx. 3 years and counting. cleaskin can last. ostyx could make a difference for you. cosentyx is proven to help people with moderate to severe plaque psoriasis find clear skin that can last. don't use if you're allergic to cosentyx. before starting cosentyx, you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight th