Stocks Rebound With Solid Gains Despite Steep Sell-Off; Tech Leaders Nvidia and Tesla Flash Buy Signals
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The stock market rally held up well despite a steep sell-off last week, closing the week with solid gains. The Nasdaq and some leaders look extended.
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Nvidia has forged a new buy point while Tesla has a new handle buy point. Microsoft continues to hold up.
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Samsara is tightening up while Tenaris moves toward a buy area. Nu Holdings is flashing some entry signals around key levels.
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A modest pullback or pause would be constructive for the market rally, letting some leaders set up again. But major indexes and leading stocks still look strong overall.
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Investors should be working on watchlists but can afford to be patient and selective for new buys with the market extended and some handles forming.