Monday Takeaways: Why Nvidia's Stellar Earnings Couldn't Stop the Risk-Off Rout | | Shah Gilani Chief Investment Strategist | When stellar earnings can't save a stock, we all need to pay attention... Nvidia just hit it out of the park with earnings. Analysts loved the results. The stock opened higher Thursday morning. Then came the collapse. When the planet's most valuable stock can't hold gains on fantastic earnings, that's not profit-taking. That's a warning. And Nvidia wasn't alone in this risk-off carnage: - Bitcoin crashed to $80,500 before bouncing back
- NASDAQ 100 broke down through its ascending channel completely
- S&P down 1.9% for the week despite Friday's Fed-fueled bounce
- Microsoft broke through key support levels
Yes, Friday brought relief when New York Fed President Williams talked up a December rate cut. Odds jumped from 25% to 71% overnight. Markets loved it. Futures bounced. But here's the problem - one day of Fed optimism doesn't erase a week of destruction across multiple market sectors. I'll show you exactly what these risk-off signals mean, which technical levels you need to watch, and why I'm not rushing to load up on stocks yet - even though valuations look tempting. Click here or on the image below to find out if this market could drop another 5-10% before the real buying opportunity arrives. Cheers, Shah Want more content like this? | | | | | |
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