With key earnings being releases subsequent week, the Nasdaq is flushing extra to the draw back.
Nasdaq runs from the 100 day MA
The NASDAQ index is now down -1.61% or -251 factors at 15350.76.Within the course of, the worth is working away from its 100 day transferring common of 15489.71 and the 50% midpoint of the 2024 buying and selling vary at 15508.22. Bearish.
Shares of Nvidia are breaking and falling away from the 50-day MA at 841.39. The worth has not traded materially beneath the 50 day MA since November 2023.
Subsequent week, is pivotal with quite a lot of large-cap shares reporting together with.
Monday:
Tuesday:
- GM
- Tesla
- Visa
- Texas Devices
Wednesday:
- Boeing
- AT&T
- Common Dynamics
- Meta Platforms
- IBM
- Ford
- Chipotle
- ServiceNow
Thursday:
- American Airways
- Caterpillar
- Southwest Airways
- Bristol-Myers Squibb
- Microsoft
- Alphabet
- Intel
Friday
