With the publication of the main results next week, the Nasdaq is moving further downward.
Nasdaq runs from the 100-day MA
The NASDAQ index is now down -1.61% or -251 points at 15350.76. In doing so, the price moves away from its 100-day moving average of 15489.71 and the 50% midpoint of the 2024 trading range at 15508.22. Bearish.
Nvidia shares break out and move away from the 50-day MA at 841.39. Price has not traded significantly below the 50-day MA since November 2023.
Next week will be crucial, notably with the reporting of a number of large-cap stocks.
Monday:
Tuesday:
- General manager
- You’re here
- Visa
- Texas Instruments
Wednesday:
- Boeing
- AT&T
- General dynamics
- Metaplatforms
- IBM
- Ford
- Chipotle
- ServiceNow
THURSDAY:
- American airlines
- caterpillar
- Southwest Airlines
- Bristol Myers Squibb
- Microsoft
- Alphabet
- Intel
Friday
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