NVIDIA FALLS BELOW TRENDLINE, FED’S WALLER IN NO RUSH TO CUT RATES
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Nvidia Falls
Please click here for a chart of Nvidia stock (NVDA).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point.
- The chart shows that NVDA has fallen below the trendline.
- If NVDA decisively closes below the trendline, that would be a negative for NVDA and tech stocks.
- NVDA is the most important stock for this stock market as Nvidia is the center of the AI revolution.
March 28, 2024