Square (NYSE:SQ) is dropping below $75 and is now at risk of falling to around $69.90.
Tesla (NASDAQ:TSLA)
Tesla is in the crosshairs today, as a big a part of their growth story is tied to China. Support is at $225, and a drop below that price can push TLSA shares lower towards $205.
Amazon (NASDAQ:AMZN)
Amazon is breaking below support at $1850 and setting for up a drop to $1,800.
Nvidia (NASDAQ:NVDA)
Nvidia is breaking down, with support at $160 and the potential to fall to around $150.
US Markets
- S&P 500 Futures -7 points
- US 10-Year 1.84%
- Dollar Index 98.27
- Oil $55.25
International Markets
- Shanghai -1.4%
- HK -2.35%
Jobs Report at 8:30 AM Consensus +151,000
South Korea KOSPI
The South Korea KOSPI is now trading at nearly its lowest level since December and January. We will need to monitor more closely.
S&P 500 (NYSE:SPY)
Let’s not forget it is a summer Friday, and that means that volumes can get thin this afternoon, and we could see extra volatility due to this. Additionally, I can’t imagine that some traders will want to be long this weekend. There are plenty of reasons for the market not to rise today. Just keep this in mind.
The S&P 500 futures are trading around support of 2,940 on August 2, and it’s looking more and more as if the broader index could be heading towards 2,900.
Micron (NASDAQ:MU)
Micron is moving closer to breaking down on August 2, now trading around $42. A drop below $42 pushes shares lower towards $39.55
Good luck today.