
NVIDIA EARNINGS WILL TEST AI RALLY, FED DRIVEN STOCK RALLY BUT HOW MANY CUTS
By Nigam Arora
To gain an edge, this is what you need to know today.
Nvidia Earnings Ahead
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.
- The chart shows that even after the large move up in the stock market after Fed Chair Powell hinted a rate cut is ahead, NVDA stock was not able to enter zone 1 (resistance).
- Volume on the chart shows that the move up on Friday was not on heavy volume.