Nvidia Meets Expectations, But Market Reaction Falls Short

8월 29일

• Nvidia Meets Expectations, But Market Reaction is Muted
  
  Nvidia delivered results that met expectations, but the market's reaction was underwhelming. This subdued response is in line with what we've seen across the tech sector this earnings season, where even companies that exceed projections face a lukewarm reception. These stocks are highly valued and have seen rapid gains, making it increasingly difficult to exceed investor expectations.
  
  
• Nasdaq Technical Analysis
  
  The Nasdaq price has stabilized below the pivot line at 19,535, signaling a bearish trend, particularly given the significant bearish volume below this level.
  
  As long as the price remains under 19,535, it is likely to continue declining, potentially reaching 19,185 and, if that level is breached, down to 18,760.
  
  However, a break above 19,535, followed by 19,625, could signal a bullish reversal toward 19,970 and 20,100.
  
  Today's GDP data release is anticipated to have a negative impact on the indices if the figures do not meet expectations.
  
  
  Key Levels:
  Pivot Line: 19535
  Resistance Levels: 19625, 19972, 20100
  Support Levels: 19290, 19185, 18940
  
  Expected Trading Range for Today: 19625 to 18420
  
  Trend: Bearish, as long as the price remains below 19535.
  
  previous idea: