1/23 US stock market review

The market volatility on Friday was smaller than on Thursday, showing an overall up-and-down trend, which can be considered a "quiet day" after a week of significant fluctuations. The weekly chart closed with a lower shadow and a positive line. Although this week was still down compared to last week, the appearance of the lower shadow indicates the strength of the rebound from the low, and the overall upward trend remains unchanged. There is a possibility of further upward movement next week, but it may also first test the 6866 level before rising. The performance in the latter half of next week will be crucial as it will be affected by the earnings reports of several large-cap stocks. The short-term resistance level to watch is 7053.

Against the backdrop of Intel's sharp drop, Nvidia performed steadily. From the weekly chart, Nvidia is still in a state of fluctuating upward movement. For a core stock like Nvidia with a large market cap, the current trend has not deteriorated and still has the potential to continue rising.

Regarding Intel's sharp drop after its earnings report, this is currently an opportunity. From a technical perspective, the price has fallen to a level where it can be tested below 50. Combined with Trump's mention of "Buy the Dip," it is recommended to try with a small position. Although it is an opportunity, it is important to note that the current level is still relatively high, so position control is crucial, and full positions should not be taken blindly.

Next week marks the start of the large-cap earnings season, and volatility will increase. The overall market trend is bullish, with attention on the resistance near 7050 and support near 6860. After Intel's sharp drop, the trading opportunity near the 50 level can be watched, but risk control is essential.

$S&P 500(.SPX.US) $NVIDIA(NVDA.US) $Intel(INTC.US)