Even Nvidia can't help a stock market that's in real trouble
The S&P 500 is experiencing volatility, trading between 6,500 and 6,900. Despite Nvidia's earnings beat, market internals remain negative. Sell signals persist, with equity-only put-call ratios rising and market breadth struggling. Volatility is high, with VIX spiking, indicating potential buy signals if it drops. The market's direction hinges on breaking above 6,900 or falling below 6,500, which would be negative for U.S. stocks.