US stocks slipped lower overnight after reading the relatively hawkish Fed Minutes, but they still remain within striking distance of new all-time highs. With Nvidia (NVDA US) trading higher after-hours, the tech-based NASDAQ futures market reversed its overnight small loss of 0.27% and was slightly positive at 9.20a.m. AEST. The well-received beat by NVDA has laid a solid backdrop for tonight’s session in the US.
- We are targeting the 5500 over the coming weeks/months by the S&P500, but the risk/reward is diminishing rapidly.
MM is bullish on US stocks short term
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