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NVIDIA - 200 DSMA and OBV Analysis An analysis of how the 200 DSMA and On Balance Volume can help us frame potential set ups for a Nvidia and what it might do next. Bullish Case and Invalidation Level Price is above the 200 DSMA at present and because we are breaking above a recent high on the OBV, this could signal higher highs for price similar to June 2020. Invalidation Level: This bullish scenario can be invalidated if the OBV breaks below the lower resistance line, in which case we can then expect a revisit of 200 SMA. Bearish Case subject to change of current trend If we fall below the 200 DSMA or/and get rejected from the overhead OBV resistance line this would indicate a trend change to the downside and this would look similar to the Oct 2018 signal. We could arguably be at a similar level to February 2020 (pre crash territory) which resulted in the orange handle price action in the prior cup and handle. A similar move would see use correct down to the 200 DSMA. In terms of trading, the OBV would be your lead indicator here, if it breaks its trend to the down side breaching the lower resistance line I would exit the trade. Similarly if it holds and reaches higher towards the upper OBV resistance line I would sit on the trade until we reach the line, at which point you could reduce your position and take some profit, or wait for a confirmation of rejection from the overhead line, then de-risk. The point is, these OBV levels should be able to help you make your decision on the trade, it is ultimately your decision. The chart is fascinating as current price action draws similarities to the Oct 2018 period, the Feb 2020 period and the June 2020 period, all of which were critical market moments. NVIDIA may be turning into a macro asset that can help us determine the overall market trend and direction. Hope this helps PUKA
NASDAQ:NVDA
by PukaCharts
1
Sell NVDA NowNVDA stock has topped. The run is over. And institutions are using Wednesday's earnings beat as a final chance to sell their shares while they can. Over the last 4-6 weeks we have witnessed many of these leading names roll over and retrace beneath their 50-day moving average – a key level that generally supports top stocks through the move higher. Despite the recent pullback in the market, Nvidia has held at its highs. Wednesday after the close, Nvidia reported earnings. And the results were better than anyone could have expected... Earnings $2.70 per share versus estimates of $2.08. Sales were $13.5 billion – 20% above expectations. And the company raised forward guidance (how much they expect to bring in next quarter) from $12 billion to $16 billion. They also announced a $25 billion share buyback which should act to propel the stock price even further. Investors got everything they wanted and then some. NVDA stock shot up 10% after hours. The news was so good, the entire Nasdaq index shot up 1% on the news. But Thursday, in the first few hours of trading, all of those gains were gone. The Nasdaq opened higher, and immediately began selling off. It fell 3% during the session. And NVDA was back where it closed the day before. This, to me, is a clear signal that the 2023 rally in tech stocks is over. The high was likely made on July 19th, and I doubt we see that level again this year. The 2023 high is in - both for the Nasdaq and Nvidia stock. Institutional sellers are very clearly selling into the good earnings news and using the demand as a chance to exit their multi-billion-dollar positions. Do not make the mistake of buying here. The party is over.
NASDAQ:NVDAShort
by rossgivens
1
NVDA Falls Flat Today Following Big Market BeatAs we navigate these uncertain times, we must remain cautious and closely monitor the developments in NVDA and the broader stock market. Unfortunately, NVDA witnessed a lackluster performance today, failing to maintain its momentum after the recent market rally. This decline may raise concerns and prompt us to reevaluate our trading strategies. While noting that a single day's performance does not determine the long-term trajectory is essential, it warrants closer observation. Considering the current state of the general stock market, keeping a watchful eye on NVDA becomes even more imperative. As we witness increased volatility and potential market fluctuations, staying informed and making well-informed decisions is vital. By closely monitoring NVDA's performance, we can gain valuable insights into the market sentiment and potential trends. Therefore, I encourage you to include NVDA in your watchlist and diligently track its movements. Keep an eye on the key indicators such as volume, price action, and any significant news or events that might impact the stock. Doing so, we can better navigate the volatile market conditions and make informed trading decisions. Remember, caution is vital during uncertain times. While the market may present opportunities, it is crucial to approach them with a measured perspective. By staying informed about NVDA's performance and its correlation to the broader market, we can position ourselves to capitalize on potential opportunities or protect our portfolios from potential downturns. In conclusion, I urge you to closely watch NVDA as it responds to the general stock market fluctuations. Take advantage of the tools and resources available to stay updated on the latest news, market trends, and expert opinions. We can navigate these challenging times more effectively by maintaining a cautious approach and being proactive in our analysis.
NASDAQ:NVDA
by bryandowningqln
NVIDIA: Fueling the Tech Stocks Rally with Record Results...NVIDIA: Fueling the Tech Stocks Rally with Record Results and Soaring Momentum NVIDIA, the star performer of the S&P 500 and Wall Street's darling stock in 2023, continues to lend robust support to global tech stocks. The company's recent release of quarterly results has cleared a towering bar and led to a surge in its stock price, propelling it to new all-time highs. Delivering Unprecedented Results NVIDIA, renowned for its cutting-edge chip technology, reported second-quarter results that shattered records across revenue, margins, and earnings. The driving force behind this exceptional performance is the surging demand for its AI chips and a resurgence in its gaming segment. Here's a snapshot of its remarkable achievements: 1) Q2 revenue more than doubled from the previous year to reach an impressive $13.5 billion, surpassing the forecasted $11 billion. 2) The company achieved an adjusted gross margin of over 70%, a new record high, leading to a fivefold increase in adjusted EPS compared to the previous year, soaring to $2.70, comfortably exceeding the projected $2.07. 3) NVIDIA's Q3 sales outlook of $16 billion has garnered substantial appreciation, outshining the Wall Street estimate of $12.4 billion. AI Dominance: NVIDIA's Choice of Partners The impressive results are a direct outcome of the escalating demand for advanced and powerful chips capable of running artificial intelligence and machine learning applications. Notably, major players in the global tech industry, including behemoths like Microsoft, Amazon, Alibaba, and Tencent, are racing to acquire NVIDIA's chips to upgrade their data centers. This strategic move will enable them to amplify their own AI services, leading to significant financial gains. This is a pivotal moment as NVIDIA is the exclusive provider of these critical chips, akin to supplying shovels during a gold rush. As the sole proprietor, NVIDIA stands to capitalize on this unique position, confident that its rivals will be racing to catch up in the years to come. Remarkable Surge: Datacenter Sales The mounting demand for advanced chips has translated into staggering results for NVIDIA, particularly evident in the datacenter sales for the second quarter. The company reported datacenter sales of $10.3 billion, which is more than double the figures observed just three months prior. Multifaceted Triumph NVIDIA's exceptional performance extends beyond AI. Sales of chips utilized in gaming consoles and other devices experienced their first increase in over a year, surpassing expectations. Moreover, the segment providing chips to the automotive industry continued to make strides. With AI driving the momentum and other business sectors back on track, NVIDIA appears to be firing on all cylinders. Wall Street's Bullish Outlook Wall Street's unwavering confidence in NVIDIA's potential led to a flurry of target price increases following the impressive quarterly results. JPMorgan, Wells Fargo Evercore ISI, and TD Cowen all elevated their target prices to $600, while Bernstein escalated its target to $675 from $475. Piper Sandler and Oppenheimer also raised their views to $620 and $650, respectively. A notable high target price of $1,100 was set by Rosenblatt. Even Morningstar, which previously held a Sell rating on NVIDIA, upgraded the stock to Hold. NVIDIA's average target price set by over 50 brokers surged to over $580, marking an increase from just $515 before the results were announced and a remarkable leap from below $300 a mere three months ago. This suggests the potential for over 15.5% upside, despite the stock reaching fresh highs, with some bullish analysts projecting a more than twofold increase in the next year. Navigating Potential Risks While NVIDIA is enjoying unprecedented success, potential risks loom on the horizon that could impact its trajectory, particularly as its share price and valuation climb higher. Key challenges include: 1) Supply Chain Dynamics: NVIDIA's performance hinges on its ability to meet market demand swiftly. Although current supply chain challenges have been managed effectively, the prospect of significantly scaling up chip output could pose challenges. 2) US-China Tensions: Trade tensions between the US and China, particularly in the semiconductor sector, present a substantial risk. Restrictions imposed on chip exports to China could impact NVIDIA's sales to a crucial market. 3) AI Investment Reality Check: The fervent demand for AI chips could face a reality check if businesses fail to achieve expected returns from AI investments. Tech companies will need to demonstrate the tangible benefits of AI applications to sustain investment levels. 4) Valuation Adjustment: NVIDIA's premium valuation may need to narrow as competitors catch up, potentially affecting its market position. NVIDIA's Trajectory NVIDIA's stock has surged over 8% in premarket trading, set to open at a record high of $507.50. As it enters uncharted territory, the current rise, although strong, is more moderate compared to previous surges. Nonetheless, the overwhelming consensus on Wall Street suggests that NVIDIA's momentum is far from waning. Despite trading at the lower end of analyst expectations, the stock has the potential to continue its ascent, with some experts projecting the possibility of doubling over the next year. As NVIDIA's journey unfolds, the tech world watches with anticipation for the next chapter in its remarkable trajectory.
NASDAQ:NVDALong
by FOREXN1
10
Bounce Above 4400 Sustainable? Day 2S&P 500 INDEX MODEL TRADING PLANS for THU. 08/24 In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. As we wrote in our trading plans published yesterday, Thu. 08/23: "It remains to be seen if this morning's surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow". Based on the early session action, we are not abandoning our bearish bias yet. We will reevaluate this on Monday. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4477, 4463, 4452, 4433, 4421, or 4407 with a 8-point trailing stop, and going short on a break below 4460, 4448, 4430, 4417, or 4405 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4474. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:46am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades, #nvidia
SP:SPX
by TradersAICorp
✅ Daily Market Analysis - THURSDAY AUGUST 24, 2023Key events: USA - Core Durable Goods Orders (MoM) (Jul) USA - Initial Jobless Claims The close of Wednesday's trading day witnessed a significant upsurge in US stocks, largely driven by the surging value of Nvidia (NASDAQ: NVDA) shares, as the company approached its quarterly financial disclosures. Nvidia's chips are widely utilized for artificial intelligence (AI) computing applications. Nvidia's shares exhibited a noteworthy climb of 9%, building upon a prior increase of 3.2% during the regular trading session. The company proceeded to predict third-quarter revenue that surpassed the expectations of analysts on Wall Street. This positive momentum also had a ripple effect on other tech companies in after-hours trading. For instance, Microsoft (NASDAQ: MSFT) experienced a rise of approximately 2%. Nvidia stock daily chart Microsoft stock daily chart Investors who hold a bullish outlook have nurtured expectations that Nvidia's favorable announcements could provide a further boost to the already robust surge in the value of tech stocks. Taking into account the cumulative movement, Nvidia's stock has soared by over 220% within the current year. The imminent impact of Nvidia's statements during their conference call, specifically related to their financial performance and the landscape of artificial intelligence (AI), is predicted to exert a significant influence on the prevailing market sentiment. Nvidia stands as a vital element within the well-recognized group of mega-cap stocks referred to as the "Magnificent Seven." This group includes prominent names such as Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA). These influential companies have played a pivotal role in driving the substantial upward trajectory observed in the S&P 500 index throughout the ongoing year. S&P 500 daily chart Currently, investors are closely monitoring the unfolding developments in China, with a particular focus on the measures taken by Beijing to safeguard its domestic currency. The proximity of the USD/CNY pair to the 7.30 level is causing heightened concern, as Chinese authorities are acutely aware of the potential implications associated with crossing this threshold. To address this, the People's Bank of China (PBoC), equipped with an array of effective tools, is resolute in ensuring that the rate of depreciation of the Chinese Yuan (CNY) remains under control. Amidst this backdrop, a prevailing consensus among many foreign exchange traders is that the pace of CNY weakening will gradually ease. Despite this projection, given the prevailing decline in interest rates and the strategic management of volatility, the Yuan continues to retain its appeal as a favorable choice for funding carry trades. USD/CNY daily chart The upcoming Jackson Hole conference is set to host Bank of Japan (BoJ) Governor Ueda, who is expected to participate in the comprehensive panel discussion scheduled for Saturday. Notably, Governor Ueda's most recent public address took place during the ECB's Sintra conference in June, preceding the Yield Curve Control (YCC) adjustment carried out at the July BoJ meeting. This prominent platform offers him an initial opportunity to delve into the intricacies of the YCC modification and its potential ramifications for Japan's interest rates and foreign exchange markets. Shifting focus, the month of July witnessed the UK's Purchasing Managers' Indices (PMIs) undergoing a more substantial decline than initially anticipated. Specifically, the services PMI, a gauge of the services sector's performance, contracted from 51.5 to 48.7, descending below the consensus projection of 51.0. Concurrently, the manufacturing PMI underwent a decline from 45.3 to 42.5, a deviation from the consensus forecast of 45.0. UK Manufacturing PMI This downturn signified a significant milestone: the services index dipped beneath the crucial threshold of 50, denoting a contraction within this sector. Additionally, the manufacturing PMI has retreated to levels reminiscent of those observed during the initial COVID-19 lockdown in May 2020. In the realm of precious metals, today witnessed a climb in gold prices to a pinnacle not observed in two weeks. This surge was triggered by lackluster US business activity data, thereby sparking conjecture that the Federal Reserve might encounter limitations in its ability to sustain a trajectory of interest rate hikes. XAU/USD daily chart Extending their winning streak for the fifth consecutive session, gold prices continued their rebound from the earlier August dip that had driven them to a five-month low. This recovery gained momentum with the dollar's retreat and the easing of Treasury yields from their recent peaks. Notably, spot gold managed to reestablish itself above the significant benchmark of $1,900 per ounce. Despite the encouraging climb, traders maintained a cautious outlook as the start of the Jackson Hole Symposium loomed on the horizon later in the day. This symposium is anticipated to furnish additional insights into the monetary policy stance of the United States, thus harboring the potential to exert influence on prevailing market dynamics.
by FOREXN1
10
Nvidia's stock has been suppressed by the 4.618 on gold splitNvidia's stock has been suppressed by the 4.618 on gold split This chart shows the weekly candle chart of Nvidia's stock in the past year. The graph overlays the bottom to top golden section of October 2022. As shown in the figure, the recent high point of Nvidia's stock has been suppressed by the 4.618 position on the gold split at the bottom of the figure! Due to NVIDIA's recent release of its second quarter financial report, its actual revenue was $13.51 billion, a year-on-year increase of 101%; Under non US GAAP, the net profit was $6.74 billion, a year-on-year increase of 422%, directly leading its stock to soar! However, it is not ruled out that there is a possibility of a bullish turn into a bearish turn. In the future, the 4.618 position on the bottom of the graph above the golden section can be used as the dividing line between bullish and bearish positions for Nvidia stocks!
NASDAQ:NVDA
by Think_More
Nvidia -> Earnings ObliterationHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪 A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level. On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs. Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:NVDALong
by basictradingtv
28
NVIDIA - No Theatrics NVIDIA - NASDAQ:NVDA Earnings Release today (After Close) Earnings Est: 2.082 Reported: (TBC later today / will re-share) Revenue Est: $11.186 Bln Reported: (TBC later today / will re-share) Mid Term Chart - A correction would be welcome - Revisit of 10 month SMA @ c.$348 would be ideal Long Term Chart - Above 10 month SMA still - Could bounce off the 10 month SMA as it has in the past and continue upwards. - Losing 10 month SMA we cold fall into orange zone PUKA
NASDAQ:NVDA
by PukaCharts
4
NVDA's Earnings Report: Strategic Positions to Consider Introduction: It's time to rejoice as we dive into the exciting world of NVIDIA Corporation (NVDA) and explore the potential positions to consider after their recent earnings report. With the stock prices rising, let's embrace the positive vibes and strategize our moves to make the most of this profitable opportunity! 1. Riding the Momentum: NVDA's earnings report has sent shockwaves through the market, propelling the stock prices to new heights. As traders, we can ride this momentum and capitalize on the upward trend. We can join the celebration by positioning ourselves to benefit from the stock's bullish run and potentially reap impressive profits. 1. Long-Term Growth Perspective: NVDA has consistently proven its ability to innovate and adapt to the ever-evolving tech industry. With a strong focus on artificial intelligence (AI), gaming, and data centers, the company has positioned itself as a global leader. As the demand for these sectors continues to grow, NVDA's long-term growth prospects remain promising. Traders with a more patient approach may consider holding onto their positions, allowing them to enjoy the potential benefits of sustained growth. 2. Options Trading for Enhanced Gains: For traders seeking a more dynamic approach, options trading can offer exciting opportunities. With NVDA's stock prices on the rise, options strategies such as buying calls or employing bullish spreads can help magnify potential gains. By leveraging these strategies, traders can amplify their profits while managing risk effectively. 3. Diversification for Stability: While NVDA's recent earnings report has been impressive, it's always wise to maintain a diversified portfolio. By spreading our investments across different sectors, we can mitigate potential risks associated with any single stock. Consider exploring other promising companies in the tech industry or even different sectors, ensuring a well-rounded portfolio that can withstand market fluctuations. 4. Staying Informed: As traders, staying informed is crucial for making sound investment decisions. Monitoring NVDA's news, industry trends, and quarterly reports will provide valuable insights into the company's performance. Additionally, monitoring the broader market sentiment and potential catalysts can help guide our positioning strategies effectively. Conclusion: With NVDA's earnings report driving its stock prices to new heights, it's an exciting time to be a trader. By capitalizing on the momentum, adopting a long-term growth perspective, exploring options trading, diversifying our portfolio, and staying informed, we can position ourselves for success and potentially reap significant profits. Remember, trading is both an art and a science, and embracing a positive mindset while making informed decisions is the key to thriving in the market. So, let's celebrate NVDA's success and embark on this profitable journey together!
NASDAQ:NVDALong
by bryandowningqln
2
AlertNVDA stock just breaks out of a bullish flagThis week, Wall Street will focus on Nvidia's quarterly report as investors search for potential catalysts to rekindle the U.S. stock market recovery. In addition to a 6% gain last week, the chipmaker's shares are up 6.66% so far on Monday ahead of Nvidia's quarterly report on Wednesday. NVDA stock just broke out of a local bullish flag. Traders expect it reaches $500 in the short term. The technical target of the pattern is just below $600!
NASDAQ:NVDALong
by almmaye
6
Navigating Nvidia's Soaring Valuation: What It Means for Inv...Navigating Nvidia's Soaring Valuation: What It Means for Investors As the curtain draws on the first half of 2023, the stock market has witnessed a remarkable spectacle: the meteoric rise of Nvidia. With returns exceeding a staggering 193%, this chipmaker's ascent has placed it tantalizingly close to a coveted $1 trillion market capitalization. However, what sets Nvidia apart from the elite group of trillion-dollar giants like Apple, Microsoft, Alphabet, and Amazon is not just its valuation but the unique narrative it weaves in the world of high-tech stocks. Valuation, the compass by which a company's worth is gauged, encompasses a diverse array of metrics. From comparing share prices to earnings, revenue, or cash flow, valuation serves as a yardstick for a company's potential and growth trajectory. When investing in a stock, investors are essentially placing a bet on the company's future growth, leading to stock prices that often reflect anticipated potential rather than current value. In essence, investors are willing to pay a premium over a company's present value in anticipation of its future evolution. This concept is quantified through ratios like the price-to-earnings (P/E) multiple, which illustrates the relationship between a company's stock price and its earnings per share. For instance, a company with earnings per share of $1 and a stock price of $10 would have a P/E multiple of 10. The context in which a stock's multiple is analyzed - its historical trends, peer comparisons, and broader market benchmarks - helps determine whether it is over- or undervalued. Legendary investor Warren Buffett employs a value investing strategy, seeking stocks that are priced below their intrinsic value. On the contrary, some investors are willing to pay a premium for companies poised for explosive growth. Nvidia's valuation, when assessed based on earnings and sales, surpasses even the largest market giants. This doesn't necessarily denote a buy or sell signal. Instead, potential investors should embark on a two-fold exploration, say investment experts. 1. Scrutinize the Hype Unlike meme stocks, Nvidia's surge is grounded in fundamental conviction. Investors are flocking to the stock due to their unwavering belief in the chipmaker's core business. The underpinning driving this fervor? Nvidia's potential role as a primary beneficiary of the artificial intelligence (AI) revolution. As the dominant force in graphics processing units (GPUs), crucial for running AI operations in the cloud, Nvidia is poised to capitalize on the AI wave. This conviction solidified further when OpenAI introduced the viral ChatGPT chatbot, leading to widespread recognition and intensifying interest in AI investment. Investors are essentially making a calculated bet on Nvidia's potential to validate its present valuation through substantial future growth. 2. Brace for Volatility Believers in Nvidia's long-term potential must be prepared for a rollercoaster ride of price volatility. Investing in high-growth stocks entails the willingness to endure significant fluctuations for future gains. Particularly during market downturns, stocks with lofty valuations often bear the brunt of the impact. In the event that a company's anticipated future takes an unexpected turn, such high-growth stocks can experience rapid declines. This inherent volatility underscores the importance of resilience and a long-term perspective. History offers valuable insights; Apple, for example, underwent multiple drawdowns exceeding 80% between 1991 and 1997, as well as between 2000 and 2003. However, these downturns eventually transformed into entry points for astute investors. To safeguard against such precipitous declines and optimize portfolio performance, experts advocate building a core portfolio of diversified exchange-traded funds and mutual funds. This balanced approach can help mitigate the potential impact of individual stock fluctuations. As Nvidia continues its exhilarating journey in the stock market, investors are advised to approach this high-growth opportunity with a blend of caution, conviction, and a diversified strategy. The grand finale of 2023 awaits, unveiling whether Nvidia's trajectory will align with its lofty valuation and redefine its place in the ever-evolving landscape of tech giants.
NASDAQ:NVDALong
by FOREXN1
20
Palantir - Fear Worshippers of The All Seeing EyeI have to say that Palantir is a really difficult chart to read. On the one hand, looking at monthly bars, it's the kind of pattern which indicates new highs are in store. Weekly bars are about the same. Nothing about this says you can short. And its only that there's some divergences on the daily. But those divergences are really meaningful. However, at the same time, although it's up some 220%+ from the bottom, the bottom did take out the IPO low, which is not bullish. And these high prices are coming at a time when the Nasdaq and the SPX may very well have topped, which I address in my latest call: SPX - The Sound of a Shattering Iceberg Palantir is a company that is ostensibly a key component of the panopticon surveillance network that underlines the International Rules Based Order's version of the Chinese Communist Party's social credit system. At least, this is what rightists would tell you. If you asked the people behind the West's implementation of social credit, they would say they just seek to advance an enlightened society while keeping stability and security under control, and big data collection is crucial to that. Well, if you ask CCP members, they would tell you the same thing, just coated in Marxist jargon. And therein lies the problem. Mankind needs to return to its 5,000 year old traditions, which were reared and established over China's long dynasties, instead of trying to go Big Atheism and reinvent The Wheel. Regardless of if Palantir at its current $37 billion valuation is a part of the future or a part of the past and gone with the wind, the last three months of trading have been totally one directional. Which makes wanting to get short very deadly. However, conditions for a short setup that is at least a scalp were formed with the July high on the 19th. The reason for this is that price swept a key level and was met with a stiff rejection, taking a pivot. All on its own, in the stock market with the way it just likes to go uppy or grind sideways, this makes shorting or puts hard, still. But what we saw is daily candles double bottom at precisely $16.00, with Friday's trading session being yet another big green gainer on the back of such a bottom. And so, as Buffet said, one should be fearful when others are greedy, and greedy only when others are fearful. So the trade is to short somewhere between where we closed on Friday and over $18. When another dump occurs, where it dumps to will tell us everything about the future. If Palantir is truly bullish to more upside, it will preserve the June low at $13.56. If it's really bullish, it should even preserve the July low at $14.62 If it's bullish, but is going to take until 2024 to go higher, we can expect prices under $12. If it's bearish, prices under $11 are the target, with an all time low on deck and about to hit everyone on the face. Which do I think is the most likely? Frankly, probably a dump under $15 and a new high in August. There's no other way to put it or look at it at the moment. For things to be different, you'd need something like a banking crisis to intervene in the markets, a prospect I undertake here: Charles Schwab - The Harbinger Of The Next Crisis? I believe that, all things considered, the risk side of the trade right now is people who are longing this top, regarding it as a dip to buy, expecting more highs. Because people have capitulated, become greedy, and have taken their eyes off the clock. You should remember that you're just standing in an equities bear market rally while central banks have their key rates pinned over 5% and no intention to cut. This is bad news for stocks, and yet people are being told indexes are set to make a new all time high. Repricing to the downside can come violently, aggressively, be gappy, and will give those on the wrong side of the trade no chance to get out. Be very careful.
PLong
by LordWrymouth
4
NDVA Surges After JPMorgan's 'Massive Shift' in AII couldn't contain my excitement when I heard about the recent development that has sent shockwaves through the industry. Brace yourselves, as this news might be the golden opportunity we've been waiting for! Just yesterday, JPMorgan, one of the world's leading financial institutions, made a groundbreaking announcement about a "massive shift" in its approach to artificial intelligence (AI). And guess whose stock soared to new heights as a result? You guessed it right! NVIDIA Corporation (NDVA)! This remarkable turn of events has created a buzz in the market, and it's not hard to see why. JPMorgan's decision to embrace AI technology on such a grand scale indicates this sector's immense potential and profitability. With NDVA already being a key player in AI, it's no wonder their stock shot up like a rocket! Now, you might wonder, "What's the next move, and how can I benefit from this exciting development?" Well, my friends, I firmly believe it's time to go long on NDVA! With JPMorgan's endorsement and the growing demand for AI solutions, we are looking at a potential goldmine here. So, without further ado, let's seize this opportunity and take advantage of the momentum surrounding NDVA. By going long on this stock, we position ourselves to ride the wave of success that lies ahead. It's time to trust our instincts and make a move that could yield substantial returns. As always, conducting thorough research and exercising sound judgment is crucial before making any investment decisions. However, given the recent news and the positive market sentiment, it's hard not to feel a surge of excitement about the prospects of NDVA. So, my fellow traders, let's embark on this thrilling journey together and capitalize on the exciting developments in the AI sector. Please consider going long on NDVA and join me in embracing this opportunity.
NASDAQ:NVDALong
by bryandowningqln
2
Nvidia -> Is This The Top Formation?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪 Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside. Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure. After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:NVDALong
by basictradingtv
39
Amazon - Greed, Just Like Speed, KillsFirst, I understand that Amazon had an excellent earnings report, whether analyst estimates were gamed to the downside and it was easy to beat notwithstanding. What you have to be really careful of right now is the excess greed that abounds in the markets. Greed is the thing that kills accounts the fastest, and when you blow your account, there won't be any use for TradingView anymore, and nobody will be able to have fun until you can save up to reload. I am not saying any kind of bearish commentary on Amazon, although you should have reservations on this company because a lot of its business model is just to serve as an export faucet for stuff made in the Chinese Communist Party's land. And you have to be careful with anyone whose business is tightly knit to communist China, because the International Rules Based Order is chattering disaster about "de-risking" from China. Because the narrative about "Taiwan Invasion" really means that the CCP is close to falling and everyone is thinking about how to take control of that country. But to take control of China, you need someone Chinese, which means you need a handpicked appointment from the Republic of China who will serve the globalists. All this, and the 24th year of persecution against Falun Dafa by the CCP's Jiang Zemin faction just completed on July 20. In 1999, Jiang began a full genocide and organ harvesting campaign against 100 million spiritual believers, and it's persisted to this day despite Xi Jinping never participating. In fact, Xi's Anti-corruption Campaign has been hitting the corrupt officials involved in the persecution ever since he took power in 2012. Consider that the next time you see the media going off about what a Mao Zedong Xi Jinping is. Amazon's monthly provides some clarity. The most notable thing is that the 2021-2022 distribution bars during the rest of the market's bull run indicates a proper and clear topping pattern. And despite that, price never took out the most critical of lows, the COVID pivot at $81.30. Instead, it spared it by 13 cents. Because numerology. What it means is that long term, $80 becomes a target. What's notable about price action before today's earnings report pump is that Amazon maintained the July low, albeit barely. And this creates three weekly lows of equal "support." Which also becomes a target. Bear in mind, with Nonfarm Payrolls also being tomorrow morning, you may get yourself a trade setup that looks something like what happened to AMD on Wednesday: AMD - Greed Doth Bad Habits Breed When its ER came in hot in premarket and at open, and turned into a huge sell off and red day: So the point with this call is to say that the August '22 $146 pivot may really hold. And if it doesn't hold, it might just get raided. Which makes buying the top tomorrow morning something that isn't a particularly intelligent thing to do. Worse, it means that buying the dip may be trading in the wrong direction, while selling the dump's retrace might actually be an optimal short entry. Just keep in mind that we may have as much as another 2-3% of downside left in the SPX before we retrade towards/take out the tops: SPX - The Sound of a Shattering Iceberg If the markets really get blown to pieces heading into the end of Q3 in accordance with the JP Morgan collar, stuff like Amazon is going to head to a 5-handle by next year. SPX/ES - An Analysis Of The 'JPM Collar' You'll know the truth, in my opinion, when Amazon breaks the $125 flat bottoms, price won't come back, just like what happened with Netflix: Netflix - I Hope You Like Catching Knives What I really want to tell you all is that life still seems stable, it seems like all there is to worry about is making money and entertainment. But our world may very well change overnight, with no warning at all. And what we've all done while the cards were still face down will be what determines who wins the pot and who loses their stack.
NASDAQ:AMZN
by LordWrymouth
NVDA consolidation inside a channelCandles for the past 3 days seem to have suggested a solid support is in place, notice how the 02nd Aug candle was rejected by the gap fill, coupled with subsequent two higher high candles. Pay attention to the upper and lowers gaps which might attract price to re-test and break those areas before moving further in its direction. The bears don't look they have enough force nor power, the bulls do look tired but not yet subsided, currently it looks as if the price is inside a bull flag while the leg led up to the consolidation is upwards, therefore the bias is the expectation of further upside to come.
NASDAQ:NVDALong
by FxCloudTrader
AMD - Greed Doth Bad Habits BreedI've noticed that, especially in the last week, the trading community has really transformed into almost full bore greed. People are buying highs on almost anything, especially some of the most dubious of stocks, and getting rewarded with 5-15% gains every day. There's even a popular post on here that asks "As new highs approach, what is the bear case?" Whenever the climate is like this, you really, really have to take a step back and cool your head. If we were in a sustained bull market like we had in 2021, greed may ostensibly be fair enough. But when the Fed rate is at 5.5 percent and there aren't going to be cuts, with 6% enroute before year end, and TBond yields acting like they want to court with 4.5% or 5%, you're sort of in the Twilight Zone right now. If repricing to the downside really does occur, it's going to be fast and sudden. AMD is the company that floundered, and hard, after losing the arms race to Intel for a lot of years. Then it hired a Chinese CEO, who flew over to the Chinese Communist Party's land and did some courtship, and then all of a sudden AMD was worth a lot of money, and has been for a while. You have to really be very careful with anything connected to the CCP and China because of the geopolitical tensions between Xi Jinping and the International Rules Based Order. All the yammering about "Taiwan" is about the IRBO looking to plant a man from Taiwan in Xi's seat when the CCP falls in the exceptionally near term future. Yet Xi, a Chinese nationalist, can defend China's 5,000 year old Divinely-imparted culture, and himself, by weaponizing the 24-year persecution and organ harvesting genocide against Falun Gong that was launched by the Party and former Chairman Jiang Zemin on July 20, 1999. If any of the above really transpires, please use your head: Beijing's noon is New York's midnight. Whatever happens in China is going to happen outside of NYSE/Nasdaq hours, which means those enchanted by greed are one day going to enjoy the bitter fruit of a brutal breakaway gap that never comes back. So, AMD earnings are tomorrow post market. This is notable, because despite all the bull fever and delirium, I note that we really might be watching the markets top right now: SPX - The Sound of a Shattering Iceberg And if you take a look at a number of stock market calls I link below, you'll see there's a number of warning signals that are really worth considering, but still some pretty nice long opportunities. So with AMD, what I'd like to point out as we head into earnings are two things: 1. The market makers left a goalpost at $133, based on the monthly. Price action absolutely does not have to take this point out, but since it counts as "resistance" to retail traders, it stands to reason it will go at some point 2. Price action since the late-June dump is NOT bullish. It is a classic markdown-and-sell-a-lot-more pattern that traps all the people who bought over $120 and have been comfortably numb averaging down. On weekly charts, the red box is a place that price action is likely to return to, and the catalyst for this may very well be earnings. There's really a precedent for this, with Taiwan Semiconductor, which I think is a very high likelihood long-term long even as markets sell off, because it's not a member of the Nasdaq or the SPX: TSM - Taiwan, Your Semiconductor Long Hedge An important thing to note about TSM is that it's a very similar set up to AMD, but also a lot more bullish of a pattern, and yet it lost some 7% on earnings. Earnings plays are very hard because the fundamentals don't matter. You get major gap repricing and have to pay a high premium for leverage or for puts/calls to boot. Yet, a dump under $100 for AMD would likely be a real buying opportunity with a target over $135. While you might find it too good to be true, May was already a $50/65% month for AMD. Yet nobody wants to buy when there's big red. Instead, they want to buy on green and HODL, because you've been so perfectly conditioned, Pavloved, and trained by smart money. Alternatively, if earnings were to raid $135, it may very well be the sell of the year. Good luck. With the situation as it is, you should always ask yourself: "Are we really going to set new highs, or are we at the top of a bear market rally?"
NASDAQ:AMD
by LordWrymouth