Nvidia absolutely slayed their quarterly earnings report, reporting an incredible 55% profit margin on their chips, with $35-billion in revenues (I know, Lance said, "Trillion;" it's Billion.) Stocks may trade down a bit this morning, but still within a very bullish trend. Palo Alto Networks also...
Published 11/21/24
It's Nvidia Day--markets will respond accordingly tomorrow. Expectations are high for earnings and forward guidance. Analysts are generally looking for lowered expectations in 2025, as President Trump faces a waning economy. Meanwhile, markets have had a good test of support at the 20-DMA....
Published 11/20/24
Good action in the markets on Tuesday after testing the 20-DMA three times: Futures are higher this morning, so a follow through is expected. There is a short-term sell signal in place, however, which will likely limit upside. Expect a little more volatility over the next few days as trading is...
Published 11/20/24