Spaghetti Saturday · Sat, Nov 14

The Nasdaq 100 slips back under its 200-day with Nvidia's report next

The S&P 500 closed the week at 7,561.67, about 3.0% above its 200-day average, while the Nasdaq 100 won back its own on Wednesday and lost it again Friday. Nvidia's Tuesday report is the test of that 28,039 line.

1. The S&P 500 closed at 7,561.67, up 2.51% on the week and about 0.8% above the 7,500 line that Friday's low tested, with Thursday's 7,652.76 high overhead and the Nov 5 low at 7,350 below.
2. The Nasdaq 100 led with a 3.53% weekly gain to 27,943.74 but lagged on Friday, closing about 0.3% under its 200-day average at 28,039 after two closes above it.
3. Nvidia's 12.75% weekly drop and AMD's 18.93% jump put both on the board; the pivot that matters most is the Nasdaq 100's 200-day at 28,039, with Nvidia reporting after Tuesday's close.

By the mrkts desk · 4 min read