Stockton: SPX "Oversold Bounce," "Skeptical" for NVDA Earnings Rally
Schwab Network · Schwab Network
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Show Notes
The MACD technical indicator for the SPX flashed a sell signal for the first time since May, says Katie Stockton. While Wednesday's trading action showed a rebound into Nvidia's (NVDA) earnings, Katie tells investors to stay nimble as volatility stays elevated. As for the market leader, she makes the case for skepticism if the stock rallies post-earnings. Katie points to $180 as key support for Nvidia. She later turns to Bitcoin's big slide and the cryptocurrency's rebound potential.
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