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From my last Daily: “But, unless the market continues to broaden, we can almost take the Mag 7 stocks outperforming as a lack of confidence. Unless small caps can deliver.” As we ended this week,...
The loss of the 20-day MA in the Russell 2000 (IWM) is playing towards a test of the 50-day MA. Friday's premarket had suggested a recovery was possible but the reality was something different....
• Fed rate cut, FOMC dot-plot, Powell comments will be in focus this week. • Micron offers significant upside potential backed by robust earnings growth and strong demand for its AI-related...
The champagne popped yesterday after the Nasdaq Composite Index (CCMP) rallied 1.8% and surpassed the 20,000-point milestone for the first time. Strength from most of its mega-cap components...
There was only one winner yesterday: the Nasdaq. Last week's push past resistance has an established breakout gap (yesterday's gain looks to have put to bed any chance of this gap closing, thereby...
While the NASDAQ 100 made new all-time highs today climbing over 20,000, all the Mag 7 talking heads cheered! And as they should. After all, it’s been all about growth stocks for years and every dip...
In our previous update, we asked if NVIDIA (NASDAQ:NVDA) Corporation’s (NVDA) earnings would crash the stock market, in this case, the Nasdaq 100 ( NDX), and found. “… NVDA’s earnings can swing the...
US stocks experienced a rare red session on Monday. Focus has shifted to Wednesday’s US CPI report. RBA softens rhetoric, Aussie loses ground. Risk Sentiment Was in Retreat on Monday Risk appetite...
Yesterday, we saw the S&P 500 fall by about 60 basis points, while the Nasdaq 100 declined by approximately 85 basis points. Nvidia (NASDAQ:NVDA) was the leading stock, dropping 2.5% after China...
This could be viewed as the glass half full after the Nasdaq gained over 3% on Friday, but the Semiconductor Index is doing its best not to participate in the festive goodwill. Technicals edge on the...
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