Markets Again Hold Support
Markets are probably biding their time until the CPI report on Thursday. But 4540-4560 in the /ES seems to be huge resistance. I will look for short and long ideas.
Markets are probably biding their time until the CPI report on Thursday. But 4540-4560 in the /ES seems to be huge resistance. I will look for short and long ideas.
The semiconductors are holding up well, are relative strength winners in the market right now, and many have upcoming earnings reports. Two of my favorites are Broadcom and Nvidia. These two stocks have come so far, but can they keep going? I’m betting they can. Let me show you my upside targets on these tickers and how I’d trade them.
With CPI late this week and some decent earnings reports ahead, I’d like to make a plan for potential Bullish or Bearish price action. I’ll explain in tonight’s update.