This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.
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Stocks Jump, But Micron, Nvidia, Apple Still Not Out Of The Woods
The stock market is rising, and the volatility continues to make trading or predicting the general market direction impossible. But again, we have seen this episode before, so caution is still needed. It was just last Monday, April 3 that S&p 500 jumped higher until to give the gains back on Tuesday.
Resistance in the S&P 500 right now around 2,650, then 2,670.
Micron is just getting back to resistance at $49.75, and it will need to break resistance meaningfully, to get a change of trend.
Nvidia got back over $218, which is good but still need to climb over $222, to get out of its downtrend.
Apple found a bounce off that support level we spoke about on Friday, which it was near breaking, but now needs to get over $174.
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That is gonna be all for now.
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