Let's dig deeper to see if we can handicap the direction of the expected breakout.
Nvidia is recovering well on Friday, but it may yet be in need of more help before climbing back to its 2018 heights.
Nvidia's second-quarter profits were well below its year-ago earnings but were nicely ahead of analyst expectations.
The strategy with Nvidia entails the sale of a bull call spread coupled with the sale of a bear put spread.
Plus, Friday morning's headlines are a little less rosy than the ones of the day before.
Steadily, the once-revered markets of Brazil, Russia, India and China have become hazardous places to do business.
The market has qualms about Qualcomm's ability to carry shares higher.
The Fed chairman's news conference threw markets for a loop with hawkish words that did not support the Fed's dovish actions.
While it's understandable that AMD's guidance has sparked profit-taking after a big run-up, the company still looks poised to strongly grow its CPU and GPU sales in various end-markets.
Blaming China woes for the slip, some advise growth ahead for Advanced Micro Devices.