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Stocks that don't suck.....
Stocks
Do you know which stocks don’t suck? Almost all of them. In an EXTREME turn of events not only did NVDA fall after earnings but the general market did not follow it as was expected.
NVDA is in trouble here, traders left it today and said they are moving on to “Stocks that don’t suck”. Our chart shows the main support level is $115.00 That’s starting to sound like a broken record as it was the target of the anticipated move pre earnings when price was above $128.00. If it breaks $115.00 then $110.00 is next with $100.00 on stand by….. Those are also the key levels to watch for recoveries off of. It will take a tremendous amount of effort from the bulls to make that happen.
This morning I said that this had to of been one of the weirdest pre market mornings ever, and it was. Todays action was no different. This is good though, very good actually, because as you can tell from todays Heat Map we didn’t sink and stocks didn’t suck.
Congrats to the DOW for a fresh new ATH #againnnnnnnnn….. lol…. And the S+P is struggling here to stay above that much needed 5,600 level, it closed at 5,591…..
Yesterday after the market closed I cleaned out my office, purged it actually, and it looks nice. Remember that slow moving beginning rotation we mentioned here at investingwithfaith.com last Thursday? Something to think about….
DELL Just beat earnings, LULU missed, tomorrow is another day…..
Invest wisely, live charitably and be well
Brother Bill
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guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing / financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. |
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