I covered NVDA in the video I posted (today, after this post), but here’s my daily chart (weekly chart with L/T targets also covered in video). Basically, NVDA is coming up on the first support, which runs from about where it is now (top of July 15th gap plus the Aug 20th reaction low) down to about 165.50.

That, plus /NQ (Nasdaq 100 futures) and QQQ just hit (for the 2nd time today) good support. As such, a reaction here is likely & the next sell signal will come when NVDA …AND… QQQ take out these support levels.

As a person working in manufacturing, we have absolutely no idea what to do. They changed 400 tariff codes on Aug 18th. Someone has to read all of them make a decision and then hope they weren’t wrong or we’ll be fined.

The worst part is that tariff payments that are mistakenly paid are not refunded. You just lose that money forever. We’ve already lost a few 100k on that.

This is a slow motion train wreck.

Honestly, who knows anymore? There isn’t a single economist in the world who did, or could have, even remotely predicted the stock market would rip to new highs following both the threats & actual implementation of such aggressive global tariffs. Every single “expert” was calling for financial Armageddon on & immediately after “Liberation Day”, yet the opposite happened.

Charts (technicals) will continue to be my guide, but I always welcome & enjoy a healthy debate regarding fundamentals.