U.S stock gaining ahead of NVDA earnings report

The market looks positive today, especially after a little shake out at the beginning of the week. Traders are looking for the Fed to start cutting interest-rate and expect more good results from companies earnings. NVDA is set to report earnings after the market close. The result will influence the market broadly, which mean it is better to wait until the result announcement and the market reaction after that.

Dow Jones Industrial Average (INDU)

DJIA index moving upward and looks will aim to extend the bullish movement to new record high. As we mentioned before, the index has broken above the resistance level, and it could move upward anytime with slow or strong momentum. The bull defended the broken resistance turned support, which is no reason to turn bearish yet for now.

Coca Cola Company (KO)

KO share prices look trading inside a triangle pattern with the daily SMA 200 as support level. We could see the high gets lower while the lows mostly the same. If the situation continues, we might see bearish attempt to sweep below the support level. If the share prices close below the daily SMA 200 consecutively with strong momentum, then the trend might turn bearish. On the other hand, if it breaks above the trend line, then there is a chance of bullish continuation.