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Nvidia Earnings
Please click here for a chart of NVIDIA Corp (NASDAQ: NVDA).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point.
- Nvidia earnings will be released after the market close.
- Nvidia earnings will have a major impact on the entire stock market. The reason is that the two major driving forces behind the stock market have been market mechanics and artificial intelligence. It is Nvidia’s GPUs that have made the current progress in AI possible.
- The chart shows that Nvidia broke out yesterday.
- The chart shows Nvidia dipping in the Arora buy zone in late 2022 at an average buy price of $125.51.
- The chart shows that subsequently Nvidia ran up to about $500 and then dipped again into the new Arora buy zone.
- The chart also shows a successful Nvidia trade around position. A trade around position is a billionaire and hedge fund technique that can significantly increase your profits and reduce your risks.
- The chart shows that in November Nvidia has been on a massive run.
- Wall Street is positioned for Nvidia earnings to the moon. If Wall Street is correct, expect continued upward momentum in the stock market. Positioning is one of the important Wall Street mechanics. Those who want to take their investing to the next-level may consider listening to the podcast in Arora Ambassador Club titled “Market Mechanics: Positioning.”
- When the positioning is so positive in a key stock, there is always significant risk to the downside if earnings do not meet the lofty expectations.
- The tentative plan is to ...