Now That Nvidia's Earnings Are Behind Us, Focus On The Energy Stocks!

The energy stock ETF's are breaking out in a significant way...which should signal a period of strong outperformance going forward.

• The response to Nvidia’s earnings is not impacting the stock much this morning.  That is actually bullish for the market.  However, it’s still going to be important that the rest of the chip group acts a lot better going forward…for the S&P to rally to the degree the consensus is looking for over the rest of this year.

• We are seeing an important breakout in the energy stocks.  This should help the group outperform nicely over the rest of this year…AND into 2025!