NVDA Surges; Weakness in Consumer Staples

S&P still faces key resistance hurdle

Technical Edge 

• NYSE Breadth: 24% Upside Volume 

• Advance/Decline: 22% Advance 

• VIX: ~$19.50

Short and sweet today; NVDA is ripping to ATHs. Congrats to any longs out there.

Now, can the gains hold and can the markets rally on the back of a semiconductor surge?

S&P 500 — ES

The 4115 to 4125 zone held firm yesterday and now the ES is rotating higher. Are bulls back in the driver’s seat? 

• Upside Levels: 4165-4170, 4184, 4195-4200, 4225

• Downside levels: 4115-25, 4075

SPY