Earning season is here!
While the major banks earnings were somewhat positive overall, the Tech Sector got a rocky start
Netflix missed revenue estimate and subscription numbers
Tesla went from growth to both Revenue and Earning contraction for 1Q2023.
There is a glut in the chip sector as well which doesn't really spell good news for AMD and NVDA. Considering that NVDA is in the overbought zone, the bias towards the downside is highly probable.
We shall await earnings for Apple, Amazon, Microsoft, Google, and Meta in the upcoming weeks.
Nasdaq is a sell if 12800 support is broken. As long as that support level is held, shorts should not be initiated.
While the major banks earnings were somewhat positive overall, the Tech Sector got a rocky start
Netflix missed revenue estimate and subscription numbers
Tesla went from growth to both Revenue and Earning contraction for 1Q2023.
There is a glut in the chip sector as well which doesn't really spell good news for AMD and NVDA. Considering that NVDA is in the overbought zone, the bias towards the downside is highly probable.
We shall await earnings for Apple, Amazon, Microsoft, Google, and Meta in the upcoming weeks.
Nasdaq is a sell if 12800 support is broken. As long as that support level is held, shorts should not be initiated.