Refreshed Market Outlook | Stocks to Watch – 8 Aug

Market Snapshot

Nasdaq leads with a cautious surprise, up +0.35%, while both the Dow Jones (-0.51%) and S&P 500 (-0.08%) signal lingering softness.

Key Tickers to Watch Today

Ticker Price Outlook

$AMD ~$172.40 Strong rebound after Thursday's dip. Earnings-driven volatility lies ahead; anticipate a test around $180, with support near $170.

$SMCI ~$46.67 Consolidation below post-earnings spike. Short-term resistance at $48-$49, support forming near $46. Analyst optimism from Barclays (Target: $45) may cushion downside.

$CRCL – Crypto-linked names remain reactive to BTC moves. Look for support to hold above $130; any fresh crypto catalyst could bounce it to the $140s.

$WOLF – Still under pressure. Without a broader market rebound, expect further weakness—watch for stabilization only if tech or crypto rallies.

What's Driving Today?

Economic Watchlist: Next up—CPI data (Thu)—sets the tone for the Fed and broader risk sentiment.

Tech/semis showing leadership; watch for signs whether this trend continues or stalls.

Trading Playbook

$AMD: A base-building setup near $170–$175? A conservative dip-buy or straddle strategy could work ahead of potential volatility.

$SMCI: Range-trading play—buy near $46 support, target gap-resistance at $48–$49.

$CRCL / $WOLF: Use smaller, tactical trades. Only consider heavier positioning if clear macro or sector catalysts emerge.

Stay informed, stay composed!