Stock market mixed ahead of NVDA earnings

The stock market situation looks mixed with the DJIA index trading upward while the S&P500 also Nasdaq trading lower. Traders are focusing on the release of earnings results from NVDA. Could the company maintain strong performance and let the stock market rally continue? Traders who have long positions in stocks will continue to hold the positions or start partial profit-taking while observing the major indices near record highs.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index sticks near the record high and continues pressing to the upside. There is no sign of weakness on the index which means the index could continue the bullish movement. However, traders will prepare for sudden bearish movement too in the index. If the index starts a bearish correction then traders could wait near the 40,000 handle or the bullish trendline for bullish reactions.

Harley Davidson Inc (HOG)

HOG share prices managed to print a new higher swing high in the previous bullish attempt and currently, the share prices undergoing sideways movement. If the share prices could continue the bullish movement and print a new higher swing high then the trend will continue bullish. On the lower side, a close below $32.00 or a new lower swing low will cancel the bullish outlook.