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IS THE FED REALLY IMPORTANT TOMORROW ?? + NVDA, MSFT, PLTR, AND AMD !!

The creator discusses a day in the market where major indices rose, largely driven by technology stocks like Nvidia, despite weak breadth across most sectors. The upcoming speech by the new Fed chair at Jackson Hole is highlighted as a key event that could impact inflation, interest rates, and Treasury yields, potentially influencing the market's next move. Technical analysis of the S&P 500 (SPY) shows a strong chart above moving averages, suggesting a potential retest of all-time highs.

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Tickers discussed in this post

WDAYNeutralLow ConvictionResearch Only

Workday is showing bullish price action near its regression channel low and expected moves.

MRVLNeutralLow ConvictionResearch Only

Marvell was noted as being sideways to slightly down, with the creator surprised by its lack of movement.

GAPNeutralLow ConvictionResearch Only

Gap was mentioned as kicking butt in pre and post-market trading.

AFRMNeutralLow ConvictionResearch Only

Affirm was mentioned as kicking butt in pre and post-market trading.

CRMNeutralResearch Only

Salesforce reported better-than-expected earnings and announced a partnership with Anthropic, positively impacting software stocks.

SUGPNeutralHigh ConvictionSignal-backedPrimary

The creator is skeptical TNX will break above 5%, believing the government will intervene to prevent it, which could negatively impact equities if unsuccessful.

PLTRNeutralLow ConvictionResearch Only

Palantir was mentioned as part of a list of stocks to watch.

MSFTNeutralLow ConvictionResearch Only

Microsoft was mentioned as part of a list of stocks to watch.

NVDANeutralMedium ConvictionSignal-backedPrimary

Nvidia delivered strong earnings, helping to push technology stocks higher, but the overall market breadth was weak.

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