Advanced Micro Devices

  • AMD

  • $153

  • -0.78%

  • $153

  • $153

  • $151

Granny Shots

Ticker Appearances

First Word
Fri, October 4, 2024 | 7:45AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Sept jobs report - upside vs 150k consensus better. Watch the VIX to sense when Oct "iffy" period ending.

VIDEO: We are watching the VIX to get a sense when the "iffy Oct" period might end, both VIX falling below 17 and VIX term...

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Visitor: 7584e7-ae0e4f-6a2286-e059cf-305f08

Thu, October 3, 2024 | 12:16PM ET

⚡ FlashInsights

Thu, October 3, 2024 | 12:16PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
NVDA -2.37%  pattern is not unlike AAPL -2.39%  and at a combined 10% of SPX, is at least part of the reason for a bit of slowdown in the Tech trade lately. (Both AAPL and NVDA have traded in range-bound symmetrical triangles since July) As seen, this triangle pattern requires a move over 126.50 for a breakout (and this is the likely outcome) and today's rally to multi-day highs has provided a bit of a short-term spark for Technology (While Equal-weighted Tech is just fractionally positive, XLK is up +0.55%, due largely to NVDA, PLTR 0.16% , AMD -0.78% , CRWD -2.76% , and MU -2.25%  outperformance, all of which are higher by more than 2%. NVDA looks appealing here ahead of its breakout, and movement above 126.50 should result in acceleration that leads this back to new highs, technically.
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