Thursday's market action is heavily influenced by a packed economic calendar featuring Jobless Claims, Housing Starts, Building Permits, Philly Fed Outlook, and PMI data, alongside crucial tech earnings, notably Nvidia's. Key support and resistance levels are identified for major indices and stocks including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Traders are closely watching SPY around 739.75 and QQQ near 710.50. Individual stocks like AAPL (301.25), MSFT (418.25), NVDA (224.25 post-earnings), GOOGL (388.50), META (603.25), and TSLA (422.50) present critical pivot points. Success in defending these levels could signal upward continuation, while breakdowns may lead to further declines. Elevated volatility is expected, especially around data releases and following Nvidia's report.
