Dow Jones Industrial Average ($INDU) Clings To Resistance As Nividia Loses Ground Afterhours
I should open by saying as I was looking for some positivity premarket, but ultimately churned my daytrading account to my risk limit before the market opened. Either way, I would have likely lost on the day as markets spent most of it in bearish territory, with only the Dow Industrials Average ($INDU) salvging something into the close. Nividia's 5%+ loss in afterhours on its earnings release won't help the mood, but it could play as a bullish opportunity into tomorrow's open (but note the failed optimism in my trading today). The Dow Industrial Average ($INDU) did well to make back on its losses and it could follow through with upside tomorrow, although Nividia's results will likely keep a lid on things for a few days. Technicals are net positive and there is nothing bearish here.