This video begins with the near-term outlook for the US stock market via SPY, QQQ & IWM followed by coverage of the following stocks, sectors & commodities that stand out as potential trading opportunities at this time: WEAT, JJG, DBA, CHOC, NIB, $COCOA, FCEL, DDS, M, AZPN, NVDA, SMH, IPI, MOS & POT.
Member @dazi requested an update on NVDA. Last week, in this post (NVDA Setting Up for a Potential Trend Reversal), the case for a top & significant trend reversal in NVIDIA was made. Here's a quick review of the longer-term outlook as well as some of the recent developments on the intraday (60-minute) time frame: [...]
Members @j1persi & @Ruben inquired about the run-away semiconductor stock, NVDA within the trading room. Although there is some work to be done in order to firm up the case for a trend reversal & swing short trade, here are my thoughts on the stock. Starting with the big picture via this 10-year weekly chart, [...]
The following video provides technical analysis of the semiconductor sector, making the case for a significant bear market in the coming months as well as my top picks for individual semiconductor stocks, including short entry points & price targets. The charts of the following ETFs & stocks are covered in this order: SOXX, SMH, INTC, [...]
NVDA (NVIDIA Corp) gapped beyond the suggested stop of a daily close above 71.00 on Nov 11th to close at 87.97 for a loss of 28.4% (or about 22% if the suggested gap strategy posted that morning was followed). Previous & updated daily charts:
The following video provides an update on all of the recent official short trade ideas on Right Side Of The Chart, including all Active Short Trades as well as a few that had recently hit one or more profit targets or exceeded their maximum suggested stop. The following trade ideas are covered in this order: [...]
Following the earnings report after the bell last night, NVDA (NVIDIA Corp) is currently indicated to gap above the suggested stop of daily close above 71.00. In order to mitigate losses should NVDA build on the gap after the open, yet still allow for the possibility of a gap fade & close back near or [...]