TRADEWATCH for Aug 05
Today's online market pulse with ranked tickers and actionable trade zones.
Online Pulse
Retail traders remain strongly bullish, though the rally now looks crowded near record highs. Strong earnings, falling oil prices, and fear of missing further gains are driving buyers into technology and higher-risk stocks.
S&P 500 ETF (SPY): Broad support appears across long-term investors, swing traders, and active traders. Strong corporate results and lower oil prices are keeping the index trend intact. A calm pullback that holds above the latest breakout zone offers the cleanest entry.
Advanced Micro Devices (AMD): Revenue rose sharply and data-center sales more than doubled, confirming strong demand for AI chips and server processors. The post-earnings drop creates a recovery setup once buyers reclaim the initial selling range.
Nvidia (NVDA): The stock is holding key
