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February 22nd - According to foreign media analysis, Nvidia has played a key role in driving the stock market to record highs for years. However, with growing skepticism about artificial intelligence, Wall Street is increasingly worried that the chip giants earnings report next week, regardless of the outcome, will depress its stock price. Nvidias stock price has been trading sideways for months, a significant setback for a company that was recently a leading index performer and achieved triple-digit year-over-year gains. Investors expect Nvidias earnings next week to exceed Wall Street expectations and raise forecasts for the next few quarters. But this may not be enough to boost the stock price. Meanwhile, if Nvidias performance fails to quell investor anxiety about artificial intelligence, it could lead to greater volatility in AI-related stocks and the broader market.February 22 - Libyas state-owned Arabian Gulf Oil Company (AGOCO) announced on Sunday that the Sinawan oil field in the Nalut region of western Libya has resumed production. The field had been shut down for over three years due to financial and technical problems. Under normal operating conditions, the field can produce up to 20,000 barrels of oil per day.February 22 – According to AXIOS, a senior U.S. official said on Sunday that if U.S. negotiators receive a detailed nuclear agreement proposal from Iran within the next 48 hours, they are prepared to hold a new round of talks with Iran in Geneva on Friday. The U.S. official stated that the current diplomatic efforts may be the last chance President Trump is giving Iran before launching a large-scale U.S.-Israel joint military operation (potentially targeting Iranian Supreme Leader Khamenei). The senior U.S. official indicated that the Trump administration is awaiting Irans proposal.U.S. Trade Representative Greer: We will continue the trade investigation so that we can impose tariffs.U.S. Trade Representative Greer: We will explore policy continuity issues after the tariffs imposed under Section 122 expire.

S&P 500 Forecast – Stock Markets Rally With Open of the Week

Cory Russell

Jan 10, 2023 15:19

Technical Analysis of the S&P 500

As New York traders continued to rejoice over the concept that wage inflation decreased from 0.4% month over month to the figure of 0.3% that we received on Friday, the S&P 500 rose strongly throughout the trading session on Monday. In other words, I believe they will be disappointed to learn that the Federal Reserve will not alter its stance. That gets me to my point: tomorrow at 9 AM New York time, Jerome Powell will be speaking. This is another another of the games Wall Street has been playing with the Federal Reserve. He will almost certainly say something to attempt to calm down the markets once again.


I'm searching for indicators of tiredness so I can start shorting as a result. Given that we are situated between the 50-Day EMA and the 200-Day EMA, it stands to reason that we can experience noise and weariness in this region. As a result, I will be shorting the market and watching for indications that momentum is waning. In addition, the CPI figures are due out on Thursday, which may come as a big surprise to the markets. The earnings season officially begins on Friday when the banks report in the morning.


In other words, despite the fact that the market is quite optimistic in the near term, there are many factors out there that might enter the picture and lead to issues. Sincere to say, neither I nor the majority of longer-term traders believe we are out of the woods just yet.

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