Another flush lower in stocks

With key earnings being releases next week, the Nasdaq is flushing more to the downside.

The NASDAQ index is now down -1.61% or -251 points at 15350.76.In the process, the price is running away from its 100 day moving average of 15489.71 and the 50% midpoint of the 2024 trading range at 15508.22. Bearish.

Shares of Nvidia are breaking and falling away from the 50-day MA at 841.39. The price has not traded materially below the 50 day MA since November 2023.

Next week, is pivotal with a number of large-cap stocks reporting including.

Monday:

• Verizon
• SAP

Tuesday:

• GM
• Tesla
• Visa
• Texas Instruments

Wednesday:

• Boeing
• AT&T
• General Dynamics
• Meta Platforms
• IBM
• Ford
• Chipotle
• ServiceNow

Thursday:

• American Airlines
• Caterpillar
• Southwest Airlines
• Bristol-Myers Squibb
• Microsoft
• Alphabet
• Intel

Friday

• Exxon Mobil
• Chevron

This article was written by Greg Michalowski at www.forexlive.com.