NVDA Tests 120MA: AAPL Worries Comings Impact? Buy Tesla?！
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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🎁Check All Time High Winners in August with Market-cap over $100 Billion
Defying Market Downturn! Which Companies Surged to New Highs?
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.
Historically, September is generally the worst month of the year for the U.S. stock market. Look at the chart from @TechnicalHunter
Yesterday, $W&T Offshore(WTI)$ fell below $70, exacerbating market concerns about the economy.
What's more, there is another major event next week: $Apple(AAPL)$ 's press conference on September 9. Looking at history, the market is worried that it will also cause a market crash;
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.
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