NVDA spectacular fiscal Q2 revenue guidance boosted the Nasdaq
26/05/2023 Market Diary
1. Major Indexes had a mixed showing as RSP $Invesco S&P 500 Equal Weight ETF(RSP)$ -0.06% and IWM $iShares Russell 2000 ETF(IWM)$ -0.78%, but QQQE $Direxion NASDAQ 100 Equal Weighted Index Shares(QQQE)$ +0.49%.
2. NVDA $NVIDIA Corp(NVDA)$ +24.37% spectacular fiscal Q2 revenue guidance boosted the Nasdaq $NASDAQ(.IXIC)$ , as well as fuelled buying interest in other mega cap semiconductor stocks ie. AMD $Advanced Micro Devices(AMD)$ +11.2% and TSM $Taiwan Semiconductor Manufacturing(TSM)$ +12%.
3. But weakness in market breath further expanded with new lows at -175, while MMTW further deteriorated to 41.63%.
4. Note that Cybersecurity and Video Gaming & eSports group are setting up. ie.
5. Focus List: BMEA $Biomea Fusion, Inc.(BMEA)$ TLS $Telos Corporation(TLS)$
6. Potential Thematic Names (Weekly): $Okta Inc.(OKTA)$ $Cloudflare, Inc.(NET)$ $Rapid7(RPD)$ $Sea Ltd(SE)$ $Li Auto(LI)$
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CIBR $First Trust NASDAQ Cybersecurity ETF(CIBR)$ (Weekly Base)
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ESPO $VanEck Vectors Video Gaming and eSports ETF(ESPO)$ (Weekly Base)
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- CYKuan·2023-05-28thanks for sharingLikeReport