$NVDA - The initial reaction to Earnings Report is Bearish
$NVIDIA Corp(NVDA)$ - The initial reaction to Earnings Report is Bearish, there is a bearish MACD cross so a pullback is likely.
However: Nvidia beat expectations for sales and earnings, while delivering a better-than-expected forecast for the current quarter. Revenue is rising 94% YoY.
Fundamentals are key
Image
$.SPX(.SPX)$ A Gap Fill is Brewing
The initial reaction to NVDA's earnings report is bearish, and the bearish MACD crossover printed in the SP500 suggest a gap fill is likely to occur.
The 20DMA acted as support during four days in a row, let's see if the fifth is the charm tomorrow.
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
