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NVDA Approaching Resistance at $122.20
NVDA has experienced a strong rebound yesterday, and continues to trend up higher today. However, there is a key resistance level approaching around $122.20. I would monitor for a break or rejection here, and I’m leaning towards a rejection and some downside headed into next week’s Sept. 18 FOMC meeting. I wouldn’t be surprised to […]Read More
HOLO Breaking Down to New All Time Lows
HOLO has lost support at $0.28, and is currently breaking down to new all time lows. There is a Sept. 27 shareholder meeting that is likely to approve the 1:20 reverse stock split. I think this reverse stock split could take place in early October, and my approach is to patiently wait for a discounted […]Read More
SPY Trading Near All Time Highs
Yesterday the stock market experienced a strong rebound, and SPY still has some room to trend up here. The price is trading near all time highs with resistance around $564.96. I think the stock market could rally into the Sept. 18 fed pivot date before some potential downside. In the two previous FOMC meetings SPY […]Read More