Will US Market Contd To Fall Or Rise Today?
US stocks closed Tuesday's trading session mixed with the Dow Jones Industrial Average leading the day's declines.
This was followed by S&P 500 composite index also falling.
Lastly, tech-heavy Nasdaq Composite hugged the flatline. Incidentally, it was the only index that managed to finish the day in negligible gain & positive territory.
When market closed on Tuesday:
DJIA: -0.51% (-174.86 to 34,288.83).
S&P 500: -0.28% (-12.22 to 4,387.55).
Nasdaq: +0.06% (+8.28 to 13,505.87).
Respective composite index has fallen below their 20-day ma.
Respective composite index has fallen below their 50-day ma.
Respective composite index is still sitting above their 200-day ma.
Respective composite index’s is within RSI reading in the mid-30s to 40 range. It is neither oversold nor undervalued; not yet.
US Market closely watch catalysts for the week:
$NVIDIA Corp(NVDA)$ quarterly earnings report.
Mr Powell’s speech on Fri, 25 Aug at the annual Fed’s Summer symposium in Jackson Hole, Wyoming, at 10am.
Of the 2 catalysts, Nvidia’s earnings data will be released today, 23 Aug after market closed.
Investors are hoping Nvidia’s earnings report can rejuvenate a US market rally that has stumbled in recent weeks.
Nvidia stock price have tripled in 2023.
This underscores how (a) a rebound in megacap stocks and (b) excitement over artificial intelligence & its potentials have helped propel the S&P 500 to a +14% gain in 2023.
When Nvidia reported its glowing Q1 2023 earnings in May, market responded by driving its stock price up by +24% in a single session.
Following that, the S&P 500 technology sector rallied +8% over the next 5 days.
This is why everyone is hoping for a repeat of the miracle again after today’s market closed.
My take:
I have been monitoring Nvidia for the past few weeks.
Since the start of last week, Nvidia stock price have jumped approximately +12%.
It has set an all-time high on Tuesday before retreating.
What I am concerned is that such “speculative” buildup could make it more difficult for Nvidia to surpass investor expectations with its earnings results.
Assuming the numbers are going to be “just fine”, will it be enough for investors?
Lastly if the numbers are “less than ideal” (quite remote), a sell-off might just take place; just like last month.
Do you think Nvidia will be handing out another glowing earnings report today?
Do you think US market performance will be a mirror image of Nvidia, the stock?
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技术和咨询公司埃森哲在6月份宣布了一项为期三年、价值10亿美元的人工智能投资，并于最近任命关兰为其首任首席人工智能官。她将领导该公司的整体人工智能战略，包括通过培训现有员工、企业收购和从主要大学招聘，将人工智能人才增加一倍，达到8万名人类工人。
磁星资本->；核心编织->；英伟达。使用芯片作为贷款的抵押，贷款用于购买芯片lol是有意义的。英伟达是下一个安然。
Let's not forget the blow out earnings and the raise in guidance. Remember they reported on August 23rd so basically two months of the qtr were finished. they know where they'll end up in Q3 and it will be another blow out.
Wouldn't that be something if NVDA drops 100pts tonight?
What or when will it improve? IDK..
When ARM goes public and announces their plans for AI style chips, Nvidia stock will plummett.
Typhoon 🌀 going straight for Nvidia this time
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I hope NVDA can go higher it’s doing better than the other stock companies
BTW it’s 3 week bear market was terrible. Need some change
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