Nvidia earnings are due today after the closing bell. Research from Bloomberg (see chart below) indicates that gains or losses seen in the S&P500 emerging on the day of the releases, were usually reversed following day. With earnings guidance already elevated and stock up 30% off the March lows, there remains ample room for disappointment. Will the S&P500 bounce be sold the next day? Bloomberg highlights the number "$1 trillion", referring to CEO Jensen Huang's minimum projection for sales of Blackwell and Rubin AI chips in 2027. There's also the possibility of rising input/energy costs. Also, is the S&P500 or Nasdaq100 showing a right shoulder top near 7450 and 29350 respectively?
Click To Enlarge
Latest Hot-Chart - Apr 22
USDJPY and EURUSD
سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...
View Hot-Chart..
Understanding US Dollar 2018 2019
I created this chart in December 2024, pointing to the importance of understanding some of the fundamental events shaping USD Index between 2018 and 2019. Why 2018 and 2019.
Read Article..