The Dow Jones recovers losses; NVIDIA (NVDA) remains capped by its 20-day moving average ahead of earnings.

US stocks held steady overnight, with the Dow Jones ( $Dow Jones Industrial Average (.DJI.US)$ ) reclaiming ground above its 10-day and 20-day moving averages, recovering some recent losses. In the short term, it is expected to fluctuate between 53,000 and 54,000 points; the Nasdaq 100 ( $NASDAQ 100 Index (.NDX.US)$ ) rebounded to near 29,200 points but remains constrained by resistance from major moving averages above. It is expected to maintain a consolidation pattern awaiting catalysts ahead of NVIDIA's earnings report. Those bullish on the Dow may consider bull contracts ( $SG#DJIA RC2612F.C (49653.HK)$ , with a call price of 49,000 points. Conversely, for those bearish, consider bear certificates $SG#DJIA RP28123.P (49683.HK)$ . For bullish views on the Nasdaq, consider bull certificates $SG#NQ100RC2612K.C (49611.HK)$ , with a call price at 27,000. Conversely, for bearish views, consider bear warrants $SG#NQ100RP2812F.P (49614.HK)$ , with a call price of 31,500 points.

NVIDIA ( $NVIDIA (NVDA.US)$ ) will report earnings after the market close tonight. After several consecutive days of declines, the stock rebounded overnight but remains capped by resistance at the 20-day moving average. In the short term, it is expected to continue consolidating around $210. Those bullish on NVIDIA may consider call warrants. $SG-NVDA@RC2612A.C (11185.HK)$ , with a strike price of $275. Conversely, for those bearish, consider put warrants $SG-NVDA@RP2612A.P (11090.HK)$ , with a strike price of 168.

Broadcom ( $Broadcom (AVGO.US)$ Overnight, prices tested the recent low near USD 355 again. If the current level holds, a short-term rebound may be underway. If you are bullish on Broadcom, consider watching its call warrants. $SG-BDCM@RC2612A.C (11128.HK)$ , with a strike price of 380.

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