Google & AMD showing very strong momentum as we head into earnings. Both stocks are at overbought conditions. Google breaking out of a 3-month pattern. How these companies performance will determine the rest of the week.
Daily Briefing: Google & AMD earnings today to set the tone Read Post »
Every original FANG stock is reporting earnings this week starting tomorrow. The NASDAQ-100 (QQQ) and Nvidia (NVDA) are in wait mode. Tight trading ranges all day long.
Daily Briefing: NASDAQ-100 to test $500 at the open Read Post »
With the indices bumping up against their critical breakout points as earnings season ramps up, we review some of the key risk factors to our outlook.
NASDAQ-100 (QQQ) bounces hard off of oversold territory but runs up against resistance at $500 a share. Nvidia (NVDA) looks so strong that virtually all scenarios point to a likely breakout above $150 in the intermediate-term.
NASDAQ-100 (QQQ) rebounds off of oversold conditions but may be entering a consolidation phase. Tesla (TSLA) explodes higher on blowout earnings but will soon come up against key resistance. Nvidia $140 is turning into a battleground.
The NASDAQ-100 (QQQ) is nearing oversold territory on the hourly. Nvidia (NVDA) pulling back off of overbought territory. Both the QQQ and NVDA are at key inflection points.
The NASDAQ-100 is on its 5th day of consolidation. Nvidia (NVDA) takes a breather after punching through resistance yesterday. TSLA & ASML are on trade watch.
With Nvidia busting through $141 today, the flood gates may have just opened. Even now in after-hours, Nvidia is making fresh all-time highs into the $144’s. That is the behavior of a stock that has broken out.
A massive breakout may be happening in nvidia (NVDA) right now Read Post »
While the S&P 500 (SPY) has been on a full-blown intermediate-term rally since August 5, the NASDAQ-100 has entered a short period of uncertainty. With earnings around the corner, we should gain some clarity soon.
With the NASDAQ-100 continuing to trade in a tight range above its $490 support, it’s still technically set-up for a breakout. Nvidia nears the end of its 4-month consolidation. But its move to ATH may be a bit early in the cycle.
Daily Briefing: the market & key stocks all at inflection points Read Post »