The SPX monthly chart has charted a higher trough (HT) followed by a higher peak (HP). This denotes that the SPX500’s primary trend is an uptrend. With only 3 days left until the end of the month, the SPX 500 is up over 8.8% for November. This has resulted in a large blue monthly candle (candle 1). Candle 2 is a bullish reference candle i.e. it has the lowest low…
Watch today’s US Open for insights for commentary on the UK budget and its impact on GBP/USD, Nvidia’s blockbuster results and more
The tech-heavy index dropped yesterday after the Fed’s minutes showed no discussion around rate cuts, but finds support today, boosted by another blowout quarter by AI facilitator Nvidia
The chip giant posted new record top and bottom lines on Tuesday on strong demand for its artificial intelligence infrastructure and projects further growth ahead, despite negative impact from US trade curbs
Tesla (TSLA.us) is trading around $241. This is around 40% lower than its all-time high of $414 reached in November 2021. However, the Tesla (TSLA.us) weekly chart is showing interesting potential.
Watch today’s US Open for insights on the latest around the OpenAI leadership change and the impact in the tech sector, the incoming results from AI enabler Nvidia, the USD/JPY slide and more
The daily charts do suggest that a near term correction may be a risk.
The tech world reacted positively to Microsoft’s handling of the OpenAI surprise leadership change and now awaits today’s quarterly results of AI enabler Nvidia, with the stocks of both hitting record highs
There is backlash regarding Elon Musk’s endorsement of anti-Semitic rhetoric on his social media platform X (formerly known as Twitter). In response, advertisers such as Apple, Disney, Lionsgate, the European Commission, and others have suspended their business at the social media company. Moreover, Tesla (TSLA.us) shareholders are questioning his leadership of that company.
The company that sparked the generative Artificial Intelligence arms race ousted its CEO, in a surprise move that could undermine the AI advantage of collaborator Microsoft and reshape the AI landscape
The SPX500 is up over 7.5% for November, with almost two weeks left of the month. A good portion of the appreciation came on Tuesday, 14 November, when the CPI data was released, coming in better than expected. This has led to thinking that the current Fed hiking cycle has likely peaked.
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