FAILED NVIDIA BREAKOUT BURNS MOMO CROWD, INTEREST RATES RISE ON STRONG ECONOMIC DATA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Interest Rates Rise
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 NVDA stock attempted to break out yesterday after a great speech from Nvidia CEO Jensen Huang.
- The chart shows NVDA stock fell below the micro resistance zone and is in the support zone as of this writing in the premarket.
January 8, 2025