That and more this morning’s “Premarket Must Watch” video!
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Monday-Friday: noon ET A deep dive into trading psychology and why the best loser always wins, analyzing 20 major sectors, critical levels heading into Nvidia earnings, which stocks and sectors to avoid as we head into Nvidia and fast-moving stocks! JOIN US HERE! _________________________________________________
Tech Stocks Surge Before Nvidia Earnings — Is This a Bull Trap?
Stocks are up strong across the board ahead of Nvidia (NVDA) earnings following Monday morning’s early route and subsequent climb higher.
Tech is leading and NVDA reports after the close, which could be the biggest earnings report of the quarter and will certainly move markets like the Nasdaq 100 (QQQ).
We also have eBay (EBAY), Salesforce (CRM) and The TJX Co. (TJM) as other important reports today.
I wouldn’t add any new positions today until after the New Home Sales report at 10 a.m. ET — home sales have been heating up, so this could impact things.
China (FXI) is also heating up a bit, which is great for the U.S. market in general and gambling stocks.
Gold, meanwhile, is now below its eight-day exponential moving average but as long as it stays in its current range, I’m still bullish on gold with the U.S. dollar still declining.
The bond market (TLT) is also rising, and all of this is very good for the U.S. economy and market as a whole… _________________________________________________ _________________________________________________ | Today’s Top S&P 500 Sectors | Today’s S&P 500 CSI Leaders | | Consumer Staples (XLP) | Baxter (BAX) | | Health Care (XLV) | Molina Healthcare (MOH) | | Real Estate (XLRE) | Solventum (SOLV) |
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CUSTOMER STORY OF THE DAY
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Baboom!! Thx Roger--made 96% when you told us to pu AMZN on the short list!!
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