Nvidia was mentioned in the context of successful call options trading.
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The Stock Market Is 1% From Highs, But Something’s Not Right
The stock market is nearing all-time highs despite geopolitical tensions and historical overvaluation indicators like the Buffett indicator. While the market is pricing in a resolution to the Iran conflict, short-term technicals suggest potential flatness or a pullback, with significant resistance zones ahead for the S&P 500 (SPY).
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Tickers discussed in this post
Wells Fargo is showing signs of recovery as financials turn around.
JP Morgan is showing signs of recovery as financials turn around.
Visa shows strong support around $290-$300 and has upside potential towards $330-$350.
OXY is a sell if oil continues down and it breaks under $55.
DAL is a buy if it breaks $72.20, showing strength today.
APLD is a momentum play to the upside if it breaks $32.
AAPL is a buy with upside potential driven by a large trade and favorable consumer spending trends.
Oracle has been performing well, bouncing off support around $135.
D-Wave Quantum is a speculative buy with upside potential, as its CEO claims competitiveness with Nvidia in quantum computing.
Bloom Energy is a buy after a new Oracle partnership drove shares to all-time highs with strong closing momentum.
Netflix's upcoming earnings report is a significant event for the streaming and tech sectors.
Taiwan Semiconductor's earnings report is a key event, especially given its role in the tech sector.
Bank of America's earnings report is anticipated and will provide insights into the financial sector.
Morgan Stanley's upcoming earnings report is a significant event for market watchers.
ASML is reporting earnings soon, which will be a key event to watch for market direction.