Mubasher Capital (US Market)

Z Stock achieved the first target at 80.45 gaining 3.14% and kept rallying to 81.99 gaining 5.12% till now.

NVDA Stock achieved the first target at 152.00 gaining 3.05% and kept rallying to 152.89 gaining 3.65% till now.

CRK Stock achieved the first target at 15.50 gaining 3.33% and kept rallying to 15.62 gaining 4.13% till now.

Stock Trading Idea — Z

Stock Trading Idea —- CRK

Stock Trading Idea —- GERN

Major Averages Finishes Mixed
Daily Market Comment
November 20, 2024

Wall Street stocks finished mixed following a big earnings miss from big-box retailer, Target (TGT –21.4%), as the market grew anxious ahead of Nvidia's earnings. Nervous investors drove up the volatility index (VIX) to its highest level since before the election. From an economic standpoint, the Federal Reserve Bank of Atlanta Business Inflation Expectations remained unchanged at 2.2%, while MBA Mortgage Applications ticked up, showing a resilient consumer in the face of still high mortgage rates. Buyers stepped in the last hour of trading and pared back earlier losses as the different indexes finished mixed. Sectors finished mostly higher with Health Care (XLV), Energy (XLE), Materials (XLB) and Communications Services (XLC) leading while Consumer Staples (XLP), Consumer Discretionary (XLY) and Financial (XLF) underperformed. The DJIA edged higher by 139.53 points (0.32%) and settled at 43408.47. The S&P 500 was flat at 0.13 points (0.00%) and finished at 5917.11 while the NASDAQ was lower by 21.32 points (-0.11%) to close at 18966.14.

Breadth was mixed with declining issues beating advancing issues by 214 units on the NYSE and 131 units on the NASDAQ. Advancing volume was 53% on the NYSE and 60% on the NASDAQ. VIX surged 0.81 points (4.95%) and settled at 17.16. Crude oil was lower by $0.44 (-0.63%), as the December contract closed at $68.95 a barrel. Gold was higher by $25.40 (0.86%) and finished at $2653.50 an ounce. Bitcoin (BTC) closed to a new high at $94,449.66.

With the Technology (XLK) sector holding support at its 50-day MA, the NASDAQ 100 (NDX) not far off that level and the Philadelphia Semiconductor Index (SOX) trading below its 200-day MA, Nvidia's (NVDA) reporting after the close looms large. For investors that are long tech, a breakout above these levels would be constructive for the overall tech trade.

Earnings releases to watch on Thursday include: BJ's Wholesale (BJ), Copart (CPRT), Deere (DE), Intuit (INTU), Netapp (NTAP) and Warner Music Group (WMG).

Thursday's Market Moving Economic Calendar: Jobless Claims, Philadelphia Fed Manufacturing Index, Existing Home Sales and Fed Secretaries Speak.

By Richard Cuvilly

NTRA Stock achieved the target level at 171.00 with profit 26.85% and kept rallying to 172.12 with profit 27.69% till now. During the Pre-Market session

TAL rallied to reach the level 10.34 with a profit 4.13% till now

TAL Stock achieved the first target at 10.25 gaining 3.22% and kept rallying to 10.29 gaining 3.63% till now.

Stock Trading Idea SQ

Stock Trading Idea AMD

Stock Trading Idea - NVDA - ( be careful earnings after the main session )

Stocks End Session Mixed on Geopolitical Concerns
Daily Market Comment
November 19, 2024
The major averages opened sharply lower today following Ukraine's use of long-range missiles into Russia and Putin lowering the bar for using nuclear weapons. The DJIA dropped 450-points at the bell with every sector red, but the different indexes were able to climb back to finish the session mixed. Economic data was weaker than expected with October Housing Starts sliding -3.1%, to the lowest number since July, and Permits were down -4% YoY. Earnings were mixed with Walmart (WMT) hitting a new high after beating estimates and raising guidance, while Lowe's (LOW) disappointed. The turnaround in equities was led by big cap technology stocks with Nvidia (NVDA) surging +4.89% ahead of earnings tomorrow after the close. The Technology (XLK) sector was at the top of the leaderboard at the close followed by gains in Communication Services (XLC) and Utilities (XLU). The Financial (XLF), Energy (XLE) and Healthcare (XLV) sectors were the weakest market groups. Yields nudged lower with the rate on the 10-year T-Bill ending at 4.397%, a one-week low. Risk adverse assets including gold and bitcoin traded higher. The VIX also moved higher early hitting 17.93 before backing off at the close. At the closing bell the DJIA was down 120.66 points (-0.28%) at 43268.94, while the S&P 500 added 23.36 points (+0.40%) and settled at 5916.98. the NASDAQ outperformed jumping 195.66 points (+1.04%) finishing at 18987.47.

Breadth was mostly positive but declining issues held a 101 unit edge on the NYSE, while advancing issues beat declining issues 1.3:1 on the NASDAQ. Advancing volume was 51% on the NYSE and 71% of the NASDAQ. The VIX rose 0.77 (+4.94%) and closed at 16.35. Crude oil prices added 0.46 (+0.67%) and the December contract closed at $69.62 a barrel. Gold prices gained 23.40 (+0.89%) and finished at $2638.00 an ounce. Bitcoin (BTC) closed the session at $93,300.

The escalation in Putin's war rattled investors early but cooler heads prevailed, and global markets bounced back. Expect volatility to pick up over the next few days off geopolitical headlines. Investors were also anxious to take a position in Nvidia (NVDA) ahead of earnings helping to boost the NASDAQ. With light economic data ahead, the major averages are likely to be pushed around by earnings over the near-term.

Earnings releases to watch for on Wednesday include: Nvidia (NVDA), Dycom (DY), Target (TGT), TJX Companies (TJX), Palo Alto Networks (PANW) and Snowflake (SNOW).

Wednesday's Market Moving Economic Calendar: Mortgage Apps, Atlanta Fed Business Inflation Expectations and EIA Petroleum Status Report.

By David L. Blake, CMT

HIMS Stock achieved the second target at 23.30 gaining 6.39% and kept rallying to 23.64 gaining 7.95% till now. During yesterday's session

HIMS Stock achieved the first target at 22.75 gaining 3.88% and kept rallying to 23.15 gaining 5.71% till now

Stock Trading Idea —- CDE