Nvidia

  • NVDA

  • $135

  • -0.17%

  • $134

  • $136

  • $134

Granny Shots

Ticker Appearances

Mon, October 7, 2024 | 11:42AM ET

⚡ FlashInsights

Mon, October 7, 2024 | 11:42AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
NVDA -0.17%  making an important bullish breakout today, getting back above 126.50, & is actually surpassing Sept peaks at 127.67. This is a very bullish move on a lackluster Monday where QQQ and SPX are lower. Any daily close above 126.50 should lead back to 140 initially near the peaks from late June. Very encouraging technical move today.
Tickers
Mon, October 7, 2024 | 11:42AM ET

⚡ FlashInsights

Mon, October 7, 2024 | 11:42AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Fractional decline to kick off the new week in US Equities, but Technology's relative strength is helping this market hold up a bit better than it would without its influence. Financials and Utilities are down 1%, and 10 of 11 sectors are lower, with just Energy up today. TNX is back over 4%, and China's FXI has gapped up again and now trading over $36. This pattern in SPX is not too negative and represents just some minor backing and filling which then should begin to turn higher back to new highs. Key for ^SPX 0.52%  will be 5753 while for S&P Futures that level lies at 5808. Both are important technical catalysts, and expect that Tech should lead on this rally over next couple weeks given the strength in key Tech names like NVDA -0.17%  and AAPL -0.64% . S&P should not undercut 5677 in my view, and should be starting to stabilize today after early weakness.
Tickers

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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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 -0.17%  pattern is not unlike AAPL -0.64%  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 1.95% , CRWD 1.61% , and MU 1.01%  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.
Tickers

First Word
Mon, September 30, 2024 | 7:50AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Important macro week ahead and ultimately supportive of dovish Fed. We continue to see higher upside for small-caps into YE.

VIDEO: A very heavy macro week ahead including ISM, JOLTS, VP debates, Fed speeches, and jobs report.  All of this we expect to be dovish...

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