📈 Stocks to Watch – September 5
Markets opened September on a positive note, with Dow +0.77%, Nasdaq +0.98%, and S&P 500 +0.83%. Optimism from Powell's dovish Jackson Hole remarks still lingers, but headlines around Trump's Fed stance and global data risks keep volatility elevated.
Macro focus today:
US Jobless Claims – Will labor markets show signs of cooling? A softer print reinforces rate-cut bets.
ISM Services Index – Key gauge of economic resilience; weak data may stoke growth concerns but support liquidity hopes.
Indices to watch:
S&P 500 (SPX 6,502) → Support at 6,450; holding above this keeps the door open for a push to 6,600.
Nasdaq (21,707) → Critical level is 21,800; a breakout could propel tech-heavy names toward 22,200.
Stock-specific setups:
Nvidia (NVDA) consolidates near $174; the $170 dip remains a high-interest buy zone.
Crypto equities (CRCL, BMNR) follow BTC & ETH. BTC above $110K = bullish support, while a slip could pressure miners.
Alibaba (BABA) continues momentum post-earnings, with $90 as the breakout trigger toward $98–100.
Tactical traders should focus on clear support/resistance pivots instead of chasing headlines.
I'm not a financial advisor. Trade wisely, Comrades!
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- cheezzy·2025-09-05Great insights on the market dynamics! [Wow]1Report
- CaesarHicks·2025-09-05Great insights1Report