NVDA and FOMC minutes
Good day!! Today is 2/19/2024.
One extra day of no markets and I am bored. But this week can be eventful with FOMC minutes and NVDA earnings for the market direction.
All the options flow that held the market up were mostly concentrated for the Feb 16th options expiration. So for this week and next week, we have seasonality such that if the market wants to pullback we can have that pullback. FOMC minutes and NVDA earnings will decide the direction of the market.
Some stocks like CROX and DG look good on the long side. As for shorts I am looking at tech stocks with a focus on the XLK names like MSFT.
Disclaimer: This is my trading plan on the indices. This is intended to be for educational and informational purposes only. Trading is risky and loss of capital is possible. Do your due diligence. In trading, there are no guarantees. So please be careful risking capital.
Market overview and sector overview:
I will be posting levels and charts during the week for additional support to subscribers.