Amazon – AMZN
Amazon’s Amazon Web Services Unit Expands Partnership With SLB
AMZN+1.19% SLB+1.16%
Amazon’s AMZN Amazon Web Services unit said Monday that it extended its partnership with SLB SLB to expand access to applications from SLB’s Delfi digital platform and explore low carbon technologies’ deployment for the energy industry.
The extended partnership will also enable energy data insights from Amazon Web Services to offer compatibility with SLB’s recently launched Lumi data and artificial intelligence platform, according to the statement.
Nvidia – NVDA
Nvidia Stock Treads Water but Analysts Keep Raising Their Price Targets
Nvidia Inc (NVDA) stock has been treading water since releasing excellent earnings on Aug. 28, three weeks ago. However, analysts keep raising their price targets. This makes shorting out-of-the-money (OTM)put options a superb strategy.
The reason is that the market appreciates the powerful free cash flow (FCF) that Nvidia is gushing forth on a massive scale. As a result, price targets for NVDA stock are now over 25% higher than the stock price.
Nasdaq 100 – NDX
Wall St ends slightly higher after Fed policymakers back rate cuts
Survey: US business activity steady in September
Intel gains on report of Apollo’s investment offer
GM slips after Bernstein downgrades stock
Indexes up: Dow 0.15%; S&P 500 0.28%; Nasdaq 0.14%
Fed officials including Raphael Bostic, Neel Kashkari and Austan Goolsbee supported the central bank’s last rate cut and voiced support for more cuts in the rest of the year.
DX 100.90 is a value point which has been visited repeatedly going back a bit as a value magnet of sorts. Momentum for the buy or sell side has been set there numerous times after market participation in the various currencies does its thing. I have been keying off of that value area for a while now and making handsome trades doing so. Food for thought.
US500 4 HOUR CHART – TAKING A BREATHER
Note that CFD price feeds can differ between broker, even those using the same symbol. Ss, look at the chart pattern if the levels below do not line up with the prices on your chart.
Remains in record high territory but taking a breather.
This suggests perhaps we see some consolidation unless a new (record) high is set.
Supports 5686, 5671, 5605
Resistance, 5723, 5735, ?
XAUUSD 4 HOUR CHART – Unchartered territory
When in unchartered record territory, resistance is only a guess so use the latest high as the only level that matters,
On the downside, a move back below 2600 would be needed, at a minimum, to cool the risk.
As anyone trading knows, nothing goes up forever.
With that said, as I have been repeating, there is no reason to guess at a top until charts (in my case The Amazing Trader) tells you to do so.
BTC 4 HOUR CHART – GLASS HALF FULL OR EMPTY?
Those trading BTC are likely frustrated watching GOLD trade to new record highs while this crypto strugglres to build momentum..
While technicals are tilted more to the upside, to suggest a shift in target to 70K it would have to solidly take out 65-66k
Otherwise, expect more chop while it stays within 60-65K.
DLRx 100.5
still inside last weeks range puppy is like a newborn with at least one eye still closed and looking at the world, tapping, smelling, feeling …
all the data on deck this week looks “low impact” in light of the FED having converted peasants into thinking “jobs n labor”
even kashkari came out with some yikyak of him approving of the FED’s 50pt.
so 100.50 looks like temporary wallow for the puppy to linger. Not much prospect on the s/t horizon for running North unless somehow it manages to pierce 102
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