NVDA Tests 120MA: AAPL Worries Comings Impact? Buy Tesla?!

Ryan_Z0528
09-05

According to marketchameleon.com, $S&P 500(.SPX)$ has 19% of Stocks in Correction Territory, Compared to 19% a Week Ago, Some of the symbols that have newly entered correction territory are $Caterpillar(CAT)$ , $Citigroup(C)$ and $Starbucks(SBUX)$.

Many dividend stocks and defensive stocks in the $DJIA(.DJI)$, for like $Procter & Gamble(PG)$ $Coca-Cola(KO)$ $UnitedHealth(UNH)$ $Berkshire Hathaway(BRK.B)$ $IBM(IBM)$ are still setting new historical highs;

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After the Wednesday financial report, $C3.ai, Inc.(AI)$ fell more than 16%. People began to worry that the short-term cycle of semiconductor surge has ended, but $NVIDIA Corp(NVDA)$ 's stock is testing its 120-day moving average price. If it stabilizes, there may be a rebound, otherwise it will be more pessimistic.

NEWS: What History Says About Apple Stock on iPhone Launch

In addition, the US FED Nmay cut interest rates on September 18, and the $Cboe Volatility Index(VIX)$ has risen sharply this week. It is difficult to go long in the short term, but there are more opportunities for shorting.

But the good news is that we may be able to turn our attention to $Tesla Motors(TSLA)$ . When $NVIDIA Corp(NVDA)$ fell before, Tesla rose. Tesla rose by more than 4% on Wednesday.

It feels like the confidence of $Tesla Motors(TSLA)$ investors has returned. From the technical chart, the short-term target price is above $300.

To be honest, this environment and this price are really attractive.

Welcome big players, smart money or professional funds to actively increase their positions so that retailer investors like me can follow the wave. ​

Entry to the Dow: Can Nvidia Secure the Top Market Cap?
Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel. Last night during trading, Nvidia once again surpassed Apple's market cap. ----------------- Can Nvidia secure its position as the top market cap leader? Will Nvidia hit $150 next? Is Nvidia the winner of big tech's AI rival?
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