In this morning's update, we review the market activity ahead of the employment numbers release, which could influence market direction. Stock index futures, led by the Nasdaq, are trading higher, along with commodities such as crude oil. He highlights specific stocks like Chipotle, Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA), analyzing their recent performance. We also note that materials in the US are back on a sell signal, while sectors like energy are showing positive trends.
We emphasize the importance of using different charts (monthly, weekly, daily) depending on your investment style, whether you are a long-term investor or a short-term trader. We also analyzes Chipotle in detail, explaining the technical signals traders should watch for.
This content was originally posted on the Stock Market Timing YouTube Channel