
MARKET DIRECTION TO BE DRIVEN BY NVIDIA EARNINGS, CONSUMER ROARS BACK WITH RENEWED FAITH IN TRUMP
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Consumer Roars
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 is being used to illustrate the point.
- Investors are waiting for the release of King Nvidia earnings today after hours. Nvidia earnings will determine the near term direction of the stock market and the AI trade.
- The chart shows NVDA stock has consolidated in the lower half of zone 2.
- RSI on the chart shows NVDA stock is neither overbought nor oversold going into earnings.