The Dow is holding up fairly well this morning but the Nasdaq is down quite a bit on the back of bad news concerning U.S. semiconductor chip manufacturers and China…
The U.S. government is considering new restrictions on exports of AI chips to China… And big chipmakers like Nvidia, Advanced Micro Devices are down a significant amount this morning, both more than 3%.
This will be a big drag on the Nasdaq and Nasdaq 100 (QQQ), which both saw a strong bounce on Tuesday.
A market already on the brink of selling off can’t take much bad news like this…
Federal Reserve Chair Jerome Powell is also speaking at 9:30 a.m. ET today, right as the market opens.
All that and more in this morning’s “Premarket Must Watch” video!
I’ll also cover why today’s news may be detrimental for tech and chip stocks… which sectors are beginning to move… if it’s a good time for the bond market… whether blue chips will go higher or lower… if tech is overdone to the upside… an opportunity for a long trade with options and a strike price… and one short trade idea that can help you gain edge right now!
P.S. I can’t believe the day’s finally come, but my top-secret project is FINALLY ready!
I’ve been working with a private group of beta testers to perfect a new kind of software…
Software so powerful, it can track when big-money Wall Street firms are likely to flood into a stock.
And here’s the kicker: I’m so convinced this new software will change the game for retail traders like us, I filed a patent on it!
It’s also signaled 21 winners out of 25 trades… And I’m going to reveal it all at 1:30 p.m. Eastern THIS FRIDAY.
Go here to save your seat for the big reveal of my patent-pending software!
