The new bellwether for the semiconductor industry is reporting earnings Wednesday AMC, after the market close, which is not a good sign.
It could tumble down if even a minor negative is in that report.
The stock's trend is definitely overextended and at risk of being beyond its fundamental values.
IF
NVDA
drops, so too will the
NDX
and
SPX
this week. NVDA is a heavy weight for these two indexes but not the Dow 30.
It could tumble down if even a minor negative is in that report.
The stock's trend is definitely overextended and at risk of being beyond its fundamental values.
IF
NVDA
drops, so too will the
NDX
and
SPX
this week. NVDA is a heavy weight for these two indexes but not the Dow 30.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.