NVDA Stock - Big Day For NVIDIA Tomorrow!

Summary

In this Nvidia daily update, the host reviews the stock's recent performance, noting a 1% gain and technical indicators signaling potential bullish momentum. Key support and resistance levels—179–180 and 181–184—are highlighted, with caution advised ahead of tomorrow's unpredictable earnings. While the options market shows a bullish bias, no unusually large flows stand out, indicating standard market sentiment. The analysis emphasizes risk management, warning of possible bull traps and the inherent uncertainty of earnings-driven price action. Viewers are encouraged to monitor price action closely and consider setups with more controlled risk.

Q & A

What is the main purpose of this Nvidia daily update video?

The video provides an update on Nvidia's stock performance, technical analysis of price action, options flow, and potential market trends, while emphasizing that this is not financial advice.

What disclaimer does the host provide regarding financial advice?

The host clearly states that they are not a financial adviser and that the content shared, including technical analysis, is for informational purposes only and should not be considered financial advice.

How did Nvidia's stock perform on the day of this update?

Nvidia closed the day up approximately 1%, slightly outperforming the market.

What are the key support and resistance levels identified in the video?

Support is identified around $179–$180, while resistance levels are noted at $181–$182 and a higher level at $183–$184.

Why does the host advise caution around earnings announcements?

Earnings announcements introduce high uncertainty, making technical analysis less reliable, and any price movement post-earnings is unpredictable, essentially turning trades into a gamble.

What pattern did Nvidia's stock show that indicates bullish momentum?

A bullish engulfing candle was observed, closing back into the bullish channel and above the 21 EMA, signaling potential bullish momentum.

What does the options flow suggest about market sentiment?

Options flow shows $42 million in bullish call flow versus $5 million bearish call flow, indicating a slightly bullish market sentiment, though no unusual activity is observed.

What is meant by a 'bull trap' in the context of this video?

A 'bull trap' refers to a situation where the stock appears to break higher and attract buyers but then reverses downward, potentially causing losses for traders who acted on the apparent breakout.

How does the host describe Nvidia's behavior after setting lows?

The host notes that Nvidia often exhibits aggressive rebounds, also called 'dead cat bounces,' after setting fresh lows, sometimes reaching significant Fibonacci levels quickly.

What is the host's personal approach to trading around earnings?

The host prefers to avoid taking high-risk positions around earnings, focusing instead on setups with more controlled risk and predictable price action.

What membership options does the host offer for daily updates?

Membership tiers include $3/month for Tesla updates and technical analysis, $5/month to add Nvidia updates, and $7/month for all stocks, including chart requests on Discord.

Why does the host emphasize monitoring the $181–$182 level?

This level is a critical resistance where bears are defending, and breaking above it could give bulls more control, making it a key point to monitor for potential bullish or bearish signals.