Technical analysis

A break beneath the key level would hurt what are already weakened short-term technicals, and test what is clearly extreme buy bias among retail traders.

NVIDIA has become the first publicly traded company to exceed a $5 trillion market capitalization.

The S&P 500 finished the day unchanged, even though the Fed cut rates by 25 basis points.

The next couple of days will be a defining moment for US equity markets and markets globally, with the Fed, the BOJ, and the ECB all making monetary policy announcements and decisions.

The S&P 500 rallied about 1% on the day. This came as implied volatility, as measured by the VIX 1-Day, fell sharply from an elevated level on Friday, 24 October.

Big Tech Earnings Set to Steer US Markets into Year-End.

The technicals remain bullish on both daily and weekly time frames, while in sentiment it’s a story of majority buy bias.

The S&P 500 finished the day higher by around 60 bps but, for the second time this week, failed to surpass the 6,750 level.

Quantum computing stocks have surged as investors race to invest in the potentially revolutionary technology.

Gold and silver continued to experience considerable volatility during trading on Wednesday, 22 October, with both metals seeing notable intraday fluctuations.