Nvidia is holding up the World on its own. Downgrades for Wesfarmers.
Wall St closed lower overnight. A 9.3% rise in Nvidia initially saw markets open higher…
More downside today.
Nvidia is not the market.
7700 is possible.
Why the Fed needs to cut rates
BHP/ Anglo – Are we there yet?
Nvidia trying to hold the market up on its own – and failing. Checking the charts – nothing major to worry about…yet. If I was a trader I’d be taking profits. Getting that vibe. Sell signal on the Dow Jones but it’s a rubbish index. Xero – Research after results. Might get it lower.
SUMMARY Cleared out some trades this morning as the market goes risk off. Not sitting around idly…
There are a lot of things in the share market that say one thing but mean another.
Today we compare the Australian market to the S&P 500 and make some conclusions.