Another KEY Big-Cap Tech Name Stands at a Critical Juncture

Another big tech stock (besides Nvidia) could hold the key for the stock market for the rest of this year.

• Two weeks ago, we highlighted how the USDJPY was poised for a pullback…and that is exactly what has taken place. It is now at a level where it NEEDS to bounce back…because any further decline will likely create headwinds for many risk assets.

• We’ll continue to keep a very close eye on the action in Nvidia (NVDA). However, there is another key big-cap tech name that stands at a key technical juncture. Therefore, this name could have ALSO have a big impact on the tech sector…and the broad market…over the rest of 2024.