Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may hold positions in securities recommended in this report, both personally and in client accounts. He is an experienced trader and money manager and is the author of “Options as a Strategic Investment.” www.optionstrategist.com.

The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.

The Nifty could test 25150 and move beyond toward the recent swing high of 25670. Immediate support lies at 24850 (last two sessions’ low), while 24700 remains a strong support, sad experts

The BSE Sensex was trading at 81,529.74, down 470.97 points or 0.57 per cent. Nifty stood at 24,935.95, down 147.80 points or 0.59 per cent.

Several retail stocks moved on earnings, while Palantir TechnologiesPLTR managed to retake a key level on the stock market today after falling more ... Fed chair Powell is due to deliver his annual speech at Jackson Hole, Wyo. on Friday.

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 3.5% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.