Josh Brown on CNBC puts the kibosh on the stock market…well Nvidia. Sells 20% of Nvidia.

<p>The CNBC Half-Time show does have the ability to shift bias in the market or in some stocks. </p><p>Josh Brown started the show by saying that he sold 20% of his Nvidia stock. The price was down on the day but has since moved to new session lows and currently trades down $-29.50 or -4.24% at $664.26. The high-price today reached $697.54.</p><p>That sounds like a lot but since January 3, the price moved up $47.42 from the load to the high reached earlier today. That is a big move.</p><p>Technically, the rising 50 hour moving average comes in at $638.52. The rising 100 hour moving average comes in at $616.20. Both of those moving averages could be tested on further downside momentum going forward.</p><p>Nvidia is one of those stocks that has not announced that there last quarter earnings. They are scheduled to release on February 21. Estimates right now are for earnings-per-share of $4.53 on revenues of $20.19 billion. That compares to $0.88 a year ago on revenues of $6.051 billion. There is justification, but has the price down too far too fast</p><p>the NASDAQ index is now down around 50 points or -0.33%. The S&amp;P is near unchanged at 4941.87, and the Dow Industrial Average is up 102.60 points as there is a rotation going on.</p>

This article was written by Greg Michalowski at www.forexlive.com.