
NVIDIA EARNINGS WILL DETERMINE MARKET DIRECTION, HOME DEPOT SHOWS CONSUMER WEAKNESS, CHINA JAPAN FLARE UP
By Nigam Arora

To gain an edge, this is what you need to know today.
Key Earnings Data
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 has given up recent gains.
- The chart shows NVDA stock is at the top band of zone 1 (support).
- RSI on the chart shows NVDA stock is not yet oversold.
- Nvidia earnings will be reported tomorrow in the after market.
- As a member of The Arora Report, you have been ahead of the curve regarding AI related issues that are causing the current sell off in the stock market.