Nvidia Surges After Earnings: What Happens to the Nasdaq Next?
Stock index futures are mixed ahead of U.S. jobless claims, with the S&P 500 and Nasdaq higher while the Dow is slightly lower. The major focus is Nvidia following its earnings report, with the initial reaction positive. Nvidia remains on a weekly buy signal and is trading just above its upper channel, but a sustained move above $225 would be important confirmation. The Nasdaq is also approaching a potential daily buy signal.
Across Canada and the U.S., many major market sectors remain on mixed or defensive signals. The TSX 60 and Vanguard Canada ETF remain stuck at key levels, while U.S. small-cap, micro-cap, and total-market ETFs remain on sell signals. Semiconductors could generate a buy signal if SMH closes above $572.47. Grain prices also surged on Wednesday, adding a potential inflation concern, while bonds remain on a buy signal.
Stephen Whiteside
Thursday, August 27, 2026
