Nvidia Looks Good, and Gold Looks Even Better!
Sami Abusaad covers the aftermath of Nvidia (NVDA) earnings, and explains why it looks good long-term: Sami also covers: Why he normally does not trade after hours Why he jumped on Nvidia (NVDA) long after earnings The reason Nvidia should shake off near-term choppiness Why he still finds Level II data useful The particular times when Level II is especially powerful The unusual thing about Super Micro’s (SMCI) monthly chart Why SMCI is not rebounding any time soon The reason Gold’s chart looks absolutely beautiful now The “stealth” bull market sector nobody is watching His opinion on China names, including Alibaba (BABA) Why the AdvisorShares Pure US Cannabis ETF (MSOS) still looks rotten His 2 current favorite earnings names
Continue Reading -->Nvidia Has a Beautiful Story – But I’m Not Buying Into Earnings
JR Romero LOVES the long-term story on Nvidia (NVDA) – but he’s not buying into today’s earnings report. JR goes over: What Google’s Larry Page signaled about AI Why the long-term story for Nvidia is so great The near-term dynamics that don’t guarantee a huge pop in Nvidia today Where Nvidia needs to guide to keep rallying And MORE!
Continue Reading -->Why SMCI Is Trash – JR Romero Explains
Super Micro (SMCI) has collapsed in the face of accounting concerns. And JR Romero say it’s going even lower: JR also goes over: What Nvidia (NVDA) needs to do on today’s earnings report Why he thinks Nvidia is going to $200 The reason he thinks SMCI is not to be trusted The powerful lesson learned from the collapse of the AdvisorShares Pure US Cannabis ETF (MSOS) Why he’s okay with his children being gold bugs
Continue Reading -->Scott Redler on Fox Business: We Need an NVDA Blowout
On Tuesday, August 27, Scott Redler appeared on Fox Business’ “The Claman Countdown” to discuss the economy, Nvidia (NVDA), Apple (AAPL), and more: Scott goes over: Why he doesn’t expect a serious recession What it will take to make the Fed cut rates the way The Street expects Why Nvidia (NVDA) needs blowout earnings Key levels to watch in NVDA Why Scott put on an NVDA call spread to define his risk How Apple (AAPL) could get to all-time highs again Scott’s Positions Disclosures as of 2024-08-27 at 4.15.48 PM
Continue Reading -->David Prince’s NVDA Earnings Game Plan
Nvidia (NVDA) reports Q2 earnings after the market close on Wednesday. Here are the expectations: Revenue: $28.72 billion, +113% year over year EPS: $0.65, +141% year over year Watch the video below for David Prince’s focus heading into the print: David also covers: What stocks are ripe for a sympathy play off of Nvidia’s report What the Fed Chair’s dovish message at Jackson Hole means for the market His thoughts on MSOS Get David’s real-time analysis after Nvidia’s earnings release by applying for the Inner Circle now!
Continue Reading -->Nvidia Earnings Week – These Levels Matter Now
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are +11 as the market is pricing in 34bp of rate cuts at the 9/18 meeting and 105bp of rate cuts for 2024, which could be aggressive. The 9/6 jobs report will be important, along with the July PCE on 8/30 and the August CPI on 9/11. We’ll see if early strength holds or fades. 5643 is pivot resistance – does it get and stay above? If so, 5669 is the July high. If we fade, 5560 is key support for the week. Now let’s dig into some individual names: NVDA helped lead the way after it gave us the 8/5 bottom trade. Then it cleared $106.50 to open the door for higher prices. Last Thursday, it failed to hold $130, giving us some clues that we can fade. It sold down all day with a low of $123.10. Friday’s action trapped some sellers. Results are Wednesday. See if it holds the $130-$130.75 area or fades again. We’ll see where it is on Wednesday for earnings option strategies. I said AMD can be better during this recent active bullish sequence. Some bought as it cleared the $138 area. It hit $162 last week. It needs to hold the $148 area. It might sit out until Wednesday’s NVDA results. SMCI seems to have a nice setup. Some are already long vs. $595. Others are waiting to see if it can get and stay above $632 then $640 to fill that gap up to $660ish at least. We might need NVDA’s results before it can resolve. GOOGL has been the worst Mag 7 name since the corrective phase. Some are trying to play this for some catch-up. $163 needs to hold. On August 8th, GLD cleared $222ish to get some active longs back in. It cleared $229 to see the $234 area. It’s starting the week green. $229 needs to hold. Those asset allocators buying every month for years are getting rewarded. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Your Tip for This Week: Focus on Execution First, Money Second If you get good at anything, the money’s going to come eventually. So focus on developing your skills and properly executing the strategies you learn. That’s what’s going to keep you in the game for the long run. Fast money leaves just as fast as it arrived. You want to develop a set of trading strategies that can give you consistent profits, no matter what’s happening in the market. Once your brain gets big, your wallet follows. This Week’s Calendar Things start off slow this week but heat up fast with earnings from NVDA, CRM, CRWD, CRM, DELL, MRVL, and others. Plus, we have the important PCE Price Index report and GDP. P.S. Don’t forget to check out Scott Redler’s Power Plays – Get My #1 Idea Every Week. Positions Disclosure as of 2024-08-26 at 8.41.57 AM
Continue Reading -->IWM Needs THIS to Follow Through
This week Sami explains why the market is bullish — though perhaps in need of a break into Nvidia’s (NVDA) earnings report Thursday. Sami also goes over: What IWM needs to do to follow-through on last week’s big breakout Why he likes names like AVTR, DNB, JD, and RNG Why he’s bearish on CELH, NTES, RAMP, and others
Continue Reading -->JR Says “Nvidia Can Hit $200, and GLD Can Hit $300”
In this week’s interview, JR Romero explains why he is still bullish on Nvidia (NVDA) and Gold (GLD). JR goes over: Why Nvidia (NVDA) can hit $200 The case for Gold (GLD) going to $300 The big problem with trading the gold miners Why AI will have seismic ramifications for the economy Why you can’t compare AI to the internet The right way to trade this tricky market environment
Continue Reading -->“Watch out for this level on the Nasdaq, “ says Christian Tharp, CMT
We’ve seen a V-shaped recovery since the August 5th scare and the market is hitting a key resistance point. In today’s video, Certified Market Technician, Christian Tharp, breaks down: An important level in the Nasdaq that could signal a “FAST” move to the upside If we see a pullback from a failure, the level the market will likely pull back to He answers the question: “Is the bull market still intact?” Plus, will the S&P 500 follow the Nasdaq or go it’s own way? Christian specializes in technical analysis and he’s made the biggest options trades of his life in 2024. Christian isn’t using fancy indicators like the MACD or Fibonacci, he’s looking at price action and candlesticks. Listen to Christian’s quick, 6-minute market outlook for the week here: More from Christian: Christian Tharp is one of only 3,500 Chartered Market Technicians (CMT) in the world. His bread and butter is using technical analysis to find fast… I mean lightning fast moves on options. Some of his trades in his services open on Thursday and close on Friday morning. Like recently: In June: Closed a 100% winner on CRM in 1 day Closed a 300% winner on MU in 1 day Closed a 500% winner on ALAB in 1 day In July: Banked a 500% winner on HD in 1 day Landed a 200% winner on TSLA in 1 day He uses his 1-day options strategy for these plays. Click here to get his free presentation on how to make these trades yourself.
Continue Reading -->Why We’re About to Pull Back… and Go Higher
In today’s video, Sami Abusaad explains why the market will pull back… and then go higher: He also shares: Why he likes Real Estate stocks like AGNC Why he is bullish on troubled online dating stock BMBL Other names that can rally 5 stocks he thinks can drop
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