U.S stock market advanced after NVDA results

The stock futures are trading on the positive sides after consecutive bearish closes. Yesterday, NVDA results after the market close brought hope that the economy still could perform. Traders will focus on the release of jobless claim today. We think the market is in a pullback mode right now and traders better wait for the chance to continue to accumulate long positions. Especially when the earnings season loom.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index currently trading at the daily SMA 100 and not showing major bullish reactions yet. The index might continue consolidating near the current level and traders will await for further reactions. If the index resumes the bearish movement, then the daily SMA 200 will become the next bearish target to watch.

KKR & Co, Inc (KKR)

KKR share price made a bearish pullback and has reached the daily SMA 200. The share prices might stall near the averages and build supported level to bounce from it. However, if the share prices continue moving lower, then the trend will turn bearish for medium-long term. On the upside, the $140.00 level will become the resistance level to watch.