Workday is showing bullish price action near its regression channel low and expected moves.
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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
Marvell was noted as being sideways to slightly down, with the creator surprised by its lack of movement.
Gap was mentioned as kicking butt in pre and post-market trading.
Affirm was mentioned as kicking butt in pre and post-market trading.
Salesforce reported better-than-expected earnings and announced a partnership with Anthropic, positively impacting software stocks.
The creator is skeptical TNX will break above 5%, believing the government will intervene to prevent it, which could negatively impact equities if unsuccessful.
Palantir was mentioned as part of a list of stocks to watch.
Microsoft was mentioned as part of a list of stocks to watch.
Nvidia delivered strong earnings, helping to push technology stocks higher, but the overall market breadth was weak.
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