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KG: Watch NVDA & Chipmaker Technicals, Aluminum Supply Pressures & SPX
Description
Tensions in the Middle East will take the stock market's attention throughout the week, says Kevin Green, believing any attacks on energy infrastructure will add strong pressures. When it comes to equities, KG calls out the semiconductor trade as one to watch with bearish technicals accelerating in companies like Nvidia (NVDA). Aluminum is on KG's radar as well with supply shocks hitting producers. He later analyzes the S&P 500 (SPX) to show why more selling pressure is possible.
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