The Huge Negative Divergences Were A HUGE Warning Sign
Even with NVDA opening up, there were so many negative divergences that we shorted everything after the opening.
Archives: Daily Videos
list of daily videos
Will NVDA WOW The Market?
In this video, we discuss the bullish market action over the past several weeks and today’s big swings. The last big tech stock to report this quarter is the Mag 7 Crown Jewel, NVDA, which reported today after the close. So far it looks like a nice beat and raise along with announcing a 10:1 stock split. We did not get the “Sell in May and Go Away” this year, so what comes next? We look for clues on the Economic calendar and have CPI, PPI, and the next FED meeting coming up in June.
FOMC Minutes Game Plan
What is in play, and what are the opportunities as traders await more insight into monetary policy.
So Many Negative Divergences. But Big Stocks Still Will Not Roll Over
With the DJT, RTY, /ZB, and /YM negatively diverging, it would be easy to say “short the SPX.” But until I see defined bearish patterns, I will back away from that strategy.
OpEx Trading Day Recap
With metals on the move, trade in gold as well as FCX were on tap today as the monthly expiration has come and gone.
The Language
Signs point to a potential blow off top with NVDA being the catalyst, let’s come up with a plan for managing our risk.
The Crypto Comeback
Crypto markets have been quiet for a while now, but I think we might start looking for a spot to buy them again along with this one equity pick.
$NVDA to $1,000?
The markets hit new all-time highs today following the CPI data. While I’d expect a dip at some point, the signals imply the dip should be bought. Let’s review some of the A+ setups on my watchlist.
CPI and OpEx Gameplan
With two major events still to come, the volatility and expectations around rate cuts are in play this week.
Markets Are Still Moving on Momentum, Not Fundamentals
With markets moving on momentum, traders do not care about the high P/E’s or the low dividend yield on the SPX… Yet.