In the pre market this morning, stock index futures are trading above fair value while commodities are mixed. Crude oil is up slightly while gold is down a little over $20 in the pre market on Thursday morning. Now, we are coming up to a three day long weekend that usually has a bullish bias to it. But to get to the long weekend, we have to make it through some economic numbers, including jobless claims coming out at 8:30 this morning. Well, yesterday was all about Nvidia (NASDAQ:NVDA), and Nvidia pulled back slightly yesterday going into earnings, but it's popping in the pre market this morning, currently trading slightly over $1,000. So congratulations to anyone who is long Nvidia. Now, while Nvidia had a small pullback yesterday, it was the Semiconductors that were the big winners on Wednesday. And you can see that particular ETF making a new high for this move. Now, another stock that's moving in the premarket this morning is Super Micro. It is on a buy signal. It has already been up and over $1,000 back in March and February and March.
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