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Failed Nvidia Breakout Burns Momo Crowd, Interest Rates Rise On Strong Economic Data

Benzinga ·  Jan 8 23:32
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To gain an edge, this is what you need to know today.

Interest Rates Rise

An enlarged chart ofNVIDIA Corp(NASDAQ:NVDA).

Note the following:

  • This article is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point.
  • The chart shows NVDA stock attempted to break out yesterday after a great speech from Nvidia CEO Jensen Huang.
  • The chart shows NVDA stock fell below the micro resistance zone and is in the support zone as of this writing in the premarket. Previously, the micro resistance zone was a micro...
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