Stocks See-Saw as Market Struggles for Direction
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The stock market had a rough start to 2024, breaking 9-week losing streaks but still facing resistance. Leading stocks are around key support levels.
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Nvidia stock rebounded near a 505 buy point as predictions surfaced it could generate $100 billion in free cash flow over the next 2 years.
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Eli Lilly, MercadoLibre, Snowflake, PulteGroup, and Super Micro Computer flashed buy signals or set up constructive bases.
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Bitcoin and crypto-related stocks jumped on expected approval of the first spot Bitcoin ETFs, which could draw broad institutional interest.
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It's a tough, volatile market with major indexes and leading stocks pivoting around key levels. Stay engaged but keep perspective on intraday swings.