NVDA PLUNGES 7% as Investors Focus on MSFT Earnings

07.30.24: Final Bar host David Keller, CMT documents a tough day for growth stocks, as NVDA and CRWD losses drive the Nasdaq 100 down again. He breaks down the latest technical perspective for MOH, HWM, FFIV, PYPL, MRK, QCOM, AMD, MSFT, SBUX, and CZR, and speaks to the continued breadth support, indicating broad strength outside of growth sectors.

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

00:00 - Welcome to the Show
00:56 - Market Recap
08:28 - S&P 500 Large Cap Index ($SPX), Volatility Index ($VIX)
13:26 - QQQ Trust (QQQ), Utilities (XLU:SPY), Technology (XLK:SPY)
16:09 - Molina Healthcare (MOH), Howmet Aerospace (HWM)
18:58 - F5 Networks (FFIV), PayPal Holdings (PYPL)
20:30 - Merck & Co. (MRK), NVIDIA (NVDA), QUALCOMM (QCOM)
24:00 - Advanced Micro Devices (AMD), Microsoft (MSFT)
25:02 - Starbucks (SBUX), Caesars Entertainment (CZR)

👍🏻 FOLLOW US

#stockcharts #davidkeller #thefinalbar
@StockChartsTV @CNBC @markets

❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

–––––
ℹ️ ABOUT STOCKCHARTS

ℹ️ ABOUT STOCKCHARTS TV
StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.

[StockChartsTV]

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

[sohailhines]

Would be extremely valuable to include some suggestions on *how* to hedge or position better to protect from downside risk.

[twdogtrading]

There was what seemed to be a full session of trading after the close. NVDA tested just under 100 and ended up back at 109. Key being it's above the short term support that it broke down through today at 106ish. Set up for a short term oops rally. Probably a dead cat but you never know.

[mlangbert]

Great show. You're the gold standard of stock analysis.

[JonNova]

Excellent recap. Post more often please!

[quietStorm]

Thanks for the update on the most prominent stock that has everyone waiting with bated breath.

[StefanieSpencer]

Sprouts SFM has a similar stair step up like HWM. They are both doing great!

[sorooshd]

Dave, take a look at SOXX on monthly log scale, I see kind of a channel from 2008 crash, maybe it’s going down to 2021 peak!

[johnasfour]

We may bounce from the 100 MA, similar to what happened on April 23 and during the previous bull trend.

[jasonclement]

I'm pretty heavy right now on good setups but I think my correlations are all over the map... i hope...

[shaunjames]

Looking for a bounce to 126 for Nvidia

[HelenChaseKiddyEnamaine]

I'm sorry for first-time homebuyers who could never afford to buy one in the first place. I have no sympathy for first-time homebuyers who could afford it but decided to hold off because they believed the market was collapsing and was now priced out.

[davidcook]

Yep, NVDA fundamentals stink. Will sell tomorrow AM

[prolific]

Entire post-GFC bull market will be retraced. Funny money will be drained from this bloated system. Don't even think about qqq until 120 imo.

[bigmoose]

Dow has ANZN, AAPL, CRM, MSFT and IBM but there goes the BS narrative of it being “value tilted” 😂