Market Recap: Key Levels for Stocks on May 14th

Summary

On Thursday, May 14th, the market saw another strong upward rally, with the SPY leading the way and the Q's reaching new highs. Nvidia achieved all-time highs, though some semiconductor and memory stocks lagged slightly. Key economic data, including core retail sales and unemployment claims, were released with minimal market impact. The overall sentiment remains bullish, with the strategy focusing on buying dips above established support levels. Specific stock watchlists include Tesla, with a target above 450, Nvidia aiming for new highs, and Apple looking for continuation above its previous day's high. AMD and Intel are also being monitored for potential bounce plays. The market continues to favor long positions as long as key support levels are maintained.