$NVIDIA Corp(NVDA)$   Watching the Fibonacci retracement levels: ($75.61 - $140.76) - 23.6% ($125.38)  - 38.2% ($115.87) - 50.0% ($108.19) ✔️ - 61.8% ($100.50) ✔️ - 78.6% ($89.55) ✔️ (this is not an invitation to trade) 25 Jul 2024

Ethereum Reverses Trend, Price Remains at Risk  > Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support.Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average.There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart. The pair could resume its decline unless it clears $1,150 and $1,200 in the near term.A clear move above the $1,200 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance.If ethereum fails to rise above the $1,200

> Nomura analysts are expecting the Federal Open Market Committee to likely raise its short-term interest rate target by a full percentage point at its policy meeting next week on Sep 20-21, because of the emergence of upside inflation risks.Nomura predicted that the U.S. central bank would raise its fed funds target rate by 50 basis points at both the November and December meetings.Nomura also said it was raising its forecast for the terminal rate by 50 basis points to 4.50%-4.75% by February 2023.The market sees the policy rate reaching the 4.00%-4.25% range by the end of this year, and 4.25%-4.5% by March.CPI climbed 0.1% last month from July, and gained 8.3% in the 12 months through August, the Labor Department reported on Tuesday.

$Tesla Motors(TSLA)$ _ It's official - Tesla 3-for-1 Stock Split >Tesla (TSLA) announced in its annual proxy statement released late Friday that it will seek shareholder approval to split its stock 3-for-1.Shareholders will vote on the proposal at Tesla's annual meeting on August 4th.Tesla shares rose as much as 3% after hours on Friday following the news; shares fell 3.1% during Friday's regular trading session. Tesla shares have dropped 34% so far this year.

> Sembcorp Marine is proposing to have its name changed to 'Seatrium' after the completion of the merger with Keppel Offshore & Marine. Seatrium is a combination of the words “sea” and “atrium”, which reflects the business and its aspiration to become a “premier global player providing innovative engineering solutions for the offshore, marine and energy industries,” explains SembMarine. Over 1,000 names were generated in the process to come up with the new name, the group adds. The name change will be subject to the approval of the group’s shareholders. In a statement on April 3, SembMarine added that the change will not affect its identity or any of its rights and obligations. It will also not affect the rights of its shareholders or the group’s daily operations and financial stand

$Intel(INTC)$ _ Intel Hiring Freeze & Q2 Earnings Caution > Intel Corp has frozen hiring in their PC desktop & laptop chips division, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures.The memo also outlined other cost-cutting measures such as cancelling some travel for the group immediately, limiting participation in industry conferences and instructions to hold group meetings virtually when possible.Shares of Intel Corp slid 5.3% after Citigroup analysts cut its estimates on the chipmaker for the second time in a week. Citi pointed to uncertainty about demand for personal computers and predicted the company could pre-announce weaker-than-expected earnings for the second quarter, 'neutral' rating on the stock with a pr

> STI closed the week of June 13-17 at 3,098, down 83 pts.The index shows a falling trend channel in the short term with strong negative momentum, and has broken the floor of the rising trend channel in the medium long term.A double-top formation has been formed by the two peaks of 3.440 and 3,442 reached in Feb and April this year, and it has since broken through the neckline support of 3,160 and key support of 3,132. The index is between support level of 3,060 and resistance at 3,130. A definitive break through of one of these levels predicts the new direction.Overall the index trend is technically negative for the short and medium term. The charts are signaling negative, and indicate further decline may be expected. On the downside, a retracement to 2,900 or below may be a possible o

“Is this a tech bust? It remains to be seen.”Tech shares are in for a bumpy ride.Jeff Bezos knew this day was coming. Back in April the Amazon boss warned of an impending market slowdown, tweeting that the epic tech boom experienced during the last two years could not last for ever.“Most people dramatically underestimate the remarkableness of this bull run,” he said. “Such things are unstoppable … until they aren’t. Markets teach,” Bezos added. “The lessons can be painful.”Apple is no longer the most valuable company in the world, after losing $200bn in market value this week. It joins a number of other tech companies in a slump that began in late 2021, and brought the Nasdaq Composite down more than 13% in April- a more than 30% drop from record highs the previous year.Meta lost a record

US hedge fund billionaire sells Netflix stake at huge loss.Bill Ackman’s Pershing Square fund dumped his 7% stake in Netflix for a loss of about $400m after the streaming service’s value plunges, reversing his bullish position in the streaming giant after it reported an outflow of more than 200,000 subscribers.The share drop wiped about $50bn off of Netflix’s market value.The New York-based investor bought more than $1bn of Netflix shares in January, despite grim forecasts about the company’s subscription levels. Ackman said at the time that the subsequent drop in the share price had presented an “attractive” opportunity for his Pershing Square fund.But Ackman made a U-turn overnight after shares in the online streaming platform plunged more than 35% in reaction to news that Netflix had lo

> Here are the topline results: • EPS: $3.10 vs. $2.13 per share, according to Refinitiv. • Revenue: $7.93 billion vs. $7.837 billion, according to Refinitiv survey. • Expected global paid net subscribers: Addition of 2.41 million subscribers vs projected 1.09 million subscribers, according to StreetAccount estimates. The majority of Netflix’s net subscriber growth during the quarter came from the Asia-Pacific region, which accounted for 1.43 million subscribers. The U.S.-Canada region had the smallest growth of Netflix’s regions, contributing just 100,000 net subscribers. > Plans In the pipeline: • Netflix will begin to crack down on password sharing next year, opting to allow people who have been borrowing accounts to create their own. • The compa