AI, Datacenter Unwinds Continue as Oracle Slides

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Sizing Up the Market

  • S&P 500 slides to 3-week low, remains in range
    • Fails to hold 6,800 after failing to break 6,900

AI / Datacenter Unwind

  • ORCL drops amid worries about $10 billion in data center funding
  • Electricity generation / supply:
    • GEV falls after hiking guidance
    • Nuclear: NRG, CEG, VST
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S&P 500, daily chart, with select patterns and indicators.

Upcoming Events

    • Fri 12/19: Quad witching, existing home sales
    • Tue 12/23: Durable goods, GDP, consumer confidence
    • Wed 12/24: Jobless claims, crude-oil inventories, market closes at 1 p.m. ET.
    • Thu 12/25: Christmas – Market Closed

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About the author

David Russell

David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.
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