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Wed - NVDA Earnings, Thu - 2nd GDP Estimate, Fri - PCE


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#1 dTraderB

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Posted 25 August 2024 - 04:38 PM

NVDA! Then Seasonally bearish SEPTEMBER!

"Wed - NVDA Earnings after the bell

Thu - 2nd GDP Estimate before the bell

Fri - PCE before the bell"

#2 dTraderB

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Posted 25 August 2024 - 04:44 PM

"Several breadth thrusts are likely to sustain the positive momentum
Key points:

The S&P 500 Financials triggered a breadth thrust signal while simultaneously closing at a high
Similar thrusts produced solid returns and consistency for Financials over the following year
The Nasdaq 100 generated a breadth thrust alert, with the index above its 200-day average
Comparable thrusts preceded an 88% win rate for the Nasdaq 100 over the subsequent year

https://mailchi.mp/c...sitive-momentum

#3 dTraderB

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Posted 25 August 2024 - 04:47 PM

"US rate cuts loom as BoJ warns of hikes
Key developments that could provide more direction to ASIAN markets on Monday:
Singapore Manufacturing (July)
Japan Leading Indicator (Revised) (June)

#4 dTraderB

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Posted 25 August 2024 - 06:19 PM

Es long 5642.75
Nq long 19729.25

#5 dTraderB

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Posted 25 August 2024 - 06:23 PM

Having made you all foam at the mouth this Sunday, I do want to caution that the setup on Nvidia going into the quarterly report is a little different this go around.



While the Street is staying super bullish on Nvidia heading into the print, they are a touch cautious amid reported shipment delays for Nvidia's powerful new AI chip Blackwell.



There is good reason for the bullishness based on a host of recent signals from earnings reports:



Taiwan Semiconductor (TSM) just cited strong AI demand when it reported.

AMD (AMD) recently lifted its sales for data center chips for the third time in a year.

Super Micro Computer (SMCI) cited strong demand for its liquid cooling solutions.

Nvidia chip customer Meta (META) just raised its capital expenditures guidance for 2024 and 2025 by billions.



For Nvidia's report to be embraced, I think investors need to see at least two things:



Nvidia must convey that reported Blackwell shipment delays aren't a structural issue.

Nvidia must show strong quarter-over-quarter sales growth in its data center business.



If this happens, it could shake off a few bears and set the table for what EMJ Capital founder and tech investor Eric Jackson told me on the Opening Bid podcast.



"I'm saying [Nvidia's value] could double again between now and the end of the year," Jackson said.



To put that in perspective, Jackson thinks Nvidia's market cap could hit $6 trillion by year-end from $3.2 trillion or so currently.



Jackson reasons the company stands to get there by delivering a very, very strong earnings report this week or in November (or both) that shows off continuing demand for H100 and H200 chips while teeing up the potential of its new AI-focused Blackwell chips.



Rest up. It's going to be a busy week ahead.



Brian Sozzi, Executive Editor

#6 dTraderB

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Posted 25 August 2024 - 07:25 PM

Bullish poll 61-39!
Bulls 50% higher than Bears

Helene Meisler (@hmeisler) posted at 1:01 PM on Sat, Aug 24, 2024:

The results are in and once again folks lean bullish.
Thank you so much for voting while I am away.

https://t.co/eSJB6TvqgK
(https://x.com/hmeisl...3320168849?s=03)

#7 dTraderB

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Posted 26 August 2024 - 05:31 AM

Closed nq long 19835

Es long 5642.75
Nq long 19729.25



#8 dTraderB

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Posted 26 August 2024 - 05:42 AM

Closed es long 5660.25

Net long 1 each es, nq

Closed nq long 19835

Es long 5642.75
Nq long 19729.25



#9 dTraderB

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Posted 26 August 2024 - 05:51 AM

"Rate-cut hopes meet Mid-East risks
Key developments that should provide more direction to U.S. markets later on Monday:
German August Ifo index falls in August.
U.S. July durable goods due out.

#10 dTraderB

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Posted 26 August 2024 - 07:38 AM

Nq long 19769.5

Closed es long 5660.25

Net long 1 each es, nq

Closed nq long 19835

Es long 5642.75
Nq long 19729.25