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Stocks

NVDA Starting to Lose Support

NVDA has started to drop below a key support level around $106.60. I think we could see some tricky price action here with a wick back above support. This seems like a typical downswing headed into FOMC, and we could see a post-FOMC rally starting tomorrow. If NVDA does lose support here the next key […]Read More

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Stocks

NVAX Suffers 25%+ Decline After JPMorgan

Today JPMorgan downgraded NVAX from neutral to underweight, and set a $8.00 analyst target. NVAX has suffered a 25%+ decline from this news, and I have $11.80 as a key support level to monitor on the way down. NVAX is technically valued above $10+ after the Sanofi vaccine deal so the $8 analyst target seems […]Read More

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Stocks

IWM Cools Down Headed Into FOMC

IWM and small caps have cooled down as we approach tomorrow’s FOMC announcement. I still think there’s more upside for small caps, but we are starting to see slow progress. IWM is trading within a range between $221 and $226, and we could see a post FOMC rally if we hear some bullish sentiment from […]Read More

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