Is The Fall Dip Over For Tech?
Portfolio Pulse from Thrash Capital
September was a challenging month for investors, with the S&P 500 and Nasdaq 100 down about 5%. However, the Nasdaq futures have shown signs of recovery, bouncing back from a low of 14,600 points. Google and Nvidia, two tech stocks, also have similar support levels. The performance of these stocks in the coming weeks could indicate a potential end-of-year rally in the tech sector.
October 04, 2023 | 2:00 pm
News sentiment analysis
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NEUTRAL IMPACT
The S&P 500 was down about 5% in September, but the market is showing signs of recovery.
The S&P 500 was down in September, but the overall market, including the tech sector, is showing signs of recovery. This could potentially impact the S&P 500 positively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Google has a support level of 127, indicating potential for recovery and growth.
Google's support level is a key indicator of its potential for recovery. If it maintains this level, it could indicate a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia has a support level of 410, indicating potential for recovery and growth.
Nvidia's support level is a key indicator of its potential for recovery. If it maintains this level, it could indicate a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80