Nvidia

  • NVDA

  • $134.55

  • +2.96%

  • $129.81

  • $135.28

  • $128.22

Granny Shots

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Mon, December 9, 2024 | 11:23AM ET

⚡ FlashInsights

Mon, December 9, 2024 | 11:23AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's early weakness is reaching multi-day lows for the first time since early November though market breadth today is positive by 3/2 as seven sectors are positive out of 11, with Materials and Healthcare up more than 1%. The decline in big-cap Tech however is what many investors are concentrating on and FI 1.87%  AMD 0.30%  PANW -1.35%  NVDA 2.96%  PLTR 7.76%  are all down more than -2.75%. An end of day finish at multi-day lows, particularly if breadth gets worse would make the case for a mild selloff which might last into FOMC but one which should provide buying opportunities. Oddly enough, today's positive breadth on negative SPX price action is nearly the opposite of what happened all last week when prices rose while breadth was negative. Initial support levels for ^SPX 0.70%  lie near 6042, then 6017
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Live Technical Stock Analysis
Thu, December 5, 2024 | 4:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

LIVE Technical Stock Analysis December 2024

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute...

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Daily Technical Strategy
Wed, December 4, 2024 | 7:16PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

“Bad News” is “Good news” again

EQUITY TRENDS FROM AUGUST REMAIN BULLISH, AND SPX HAS NEARED THE UPPER EDGE OF ITS FOUR-MONTH CHANNEL RESISTANCE WHILE THE NASDAQ 100 INDEX HAS JUST...

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