Join me at 9:15 a.m. ET for “Morning Monster”!
| | | | | | | | | | | | Will the Buyout Blackout Slow the Rally?
First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter.
As we move closer to the end of the quarter, we inevitably move closer to the next round of earnings. The majority of S&P 500 companies will be entering the buyback blackout window over the next two weeks. Will this slow the rally down?
Come join me as we dive in and see what’s moving!
Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day.
— — —
Nvidia’s Next Move — Charting Breakout Potential
Nvidia (NVDA) continues to captivate investor attention with its nuanced technical setup. The chipmaker has been trading near resistance levels while exhibiting signs that a breakout might be on the horizon.
As volatility increases in the tech sector, a detailed review of Nvidia’s technical indicators is timely for anyone navigating current market dynamics.
Technical Analysis Setup
Recent price action suggests that Nvidia is consolidating just below a critical resistance zone. Volume trends have shown an uptick, and technical indicators such as the MACD display bullish divergence — a classic signal of growing momentum.
The RSI, after entering oversold territory, has rebounded to more neutral levels. Moving averages, notably the 50-day indicator, have been acting as both support and resistance. A sustained close above these averages could ignite buying across the board.
For those keeping a close eye on patterns, this setup mirrors scenarios where past consolidations led to substantial upward moves. While the potential for a breakout looks promising, history reminds us that false signals in volatile markets are not uncommon and warrant a cautious approach.
Investors would do well to consider stop-loss orders and diversify their portfolios amid such technical uncertainties.
Broader Market Impact
Should Nvidia manage to break through its current resistance levels, the ripple effects could extend well beyond the chipmaker itself. An upward move would not only position Nvidia for stronger performance but could also bolster momentum in other technology stocks.
For instance, the Technology sector (XLK) might observe increased investor confidence, driving up valuations across a variety of tech stocks.
Furthermore, related names in the semiconductor space, such as Advanced Micro Devices (AMD), could see secondary benefits from the renewed enthusiasm.
On the flip side, risk management remains paramount.
Rapid rallies, if followed by sharp reversals, could unsettle the broader market — not to mention weigh on volatile sectors like Financial Services (XLF). The interdependence of these elements highlights that the technical narrative around Nvidia is only one piece of a more complex market puzzle.
In conclusion, the current technical landscape of Nvidia makes it an interesting case study for breakout potential. While indicators including heightened volume, moving average interactions, and RSI recovery point to a bullish setup, market participants should remain cautious amidst potential false breakouts.
Monitoring key resistance levels and broader sector implications will be crucial in the weeks ahead. Whether you see this as a harbinger of sustained upward momentum or a fleeting technical anomaly, informed risk management and diversified exposure remain the twin pillars for successfully navigating today’s market environment.
Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!
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| | | | I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!
And be sure to hit that Subscribe button on my YouTube page! | | | | |
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| | | | And there's still room for you to join in.
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| | | | Today’s Daily Chart Setup: Adtalem Global Education (ATGE)
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This idea came directly from my Daily Chart Setup that automatically signals potential plays.
| | • | | ATGE is a new potential entry. Target: 116.23 Stop below: 85.26
| | | • | | ATGE has a historical win rate of 85.71%
| | | • | | ATGE has a profit factor of 2.807
| | | • | | ATGE trades last 29 trading days on average over 35 trades since 1991.
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See the secret behind these signals here!
This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results.
How the Daily Chart Setup Works
Here’s a more detailed description of how the pattern triggers:
1. The price breaks upward through the orange Market Roadmap line.
2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months.
3. Once it touches the line and starts moving back up, that signals an entry.
I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!
You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! | | | | |
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| | | | Jeffry Turnmire
Jeffry Turnmire Trading
I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!
Please check out my channel and hit that Subscribe button!
I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.
I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. | | | | |
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Will the Buyout Blackout Slow the Rally?
First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter.
As we move closer to the end of the quarter, we inevitably move closer to the next round of earnings. The majority of S&P 500 companies will be entering the buyback blackout window over the next two weeks. Will this slow the rally down? Come join me as we dive in and see what’s moving!
Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — — Nvidia’s Next Move — Charting Breakout Potential Nvidia (NVDA) continues to captivate investor attention with its nuanced technical setup. The chipmaker has been trading near resistance levels while exhibiting signs that a breakout might be on the horizon.
As volatility increases in the tech sector, a detailed review of Nvidia’s technical indicators is timely for anyone navigating current market dynamics. Technical Analysis Setup Recent price action suggests that Nvidia is consolidating just below a critical resistance zone. Volume trends have shown an uptick, and technical indicators such as the MACD display bullish divergence — a classic signal of growing momentum.
The RSI, after entering oversold territory, has rebounded to more neutral levels. Moving averages, notably the 50-day indicator, have been acting as both support and resistance. A sustained close above these averages could ignite buying across the board.
For those keeping a close eye on patterns, this setup mirrors scenarios where past consolidations led to substantial upward moves. While the potential for a breakout looks promising, history reminds us that false signals in volatile markets are not uncommon and warrant a cautious approach.
Investors would do well to consider stop-loss orders and diversify their portfolios amid such technical uncertainties. Broader Market Impact Should Nvidia manage to break through its current resistance levels, the ripple effects could extend well beyond the chipmaker itself. An upward move would not only position Nvidia for stronger performance but could also bolster momentum in other technology stocks.
For instance, the Technology sector (XLK) might observe increased investor confidence, driving up valuations across a variety of tech stocks.
Furthermore, related names in the semiconductor space, such as Advanced Micro Devices (AMD), could see secondary benefits from the renewed enthusiasm.
On the flip side, risk management remains paramount.
Rapid rallies, if followed by sharp reversals, could unsettle the broader market — not to mention weigh on volatile sectors like Financial Services (XLF). The interdependence of these elements highlights that the technical narrative around Nvidia is only one piece of a more complex market puzzle.
In conclusion, the current technical landscape of Nvidia makes it an interesting case study for breakout potential. While indicators including heightened volume, moving average interactions, and RSI recovery point to a bullish setup, market participants should remain cautious amidst potential false breakouts.
Monitoring key resistance levels and broader sector implications will be crucial in the weeks ahead. Whether you see this as a harbinger of sustained upward momentum or a fleeting technical anomaly, informed risk management and diversified exposure remain the twin pillars for successfully navigating today’s market environment.
Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube! I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!
And be sure to hit that Subscribe button on my YouTube page! _____________________________________________________ And there's still room for you to join in.
_____________________________________________________ Today’s Daily Chart Setup: Adtalem Global Education (ATGE)
 This idea came directly from my Daily Chart Setup that automatically signals potential plays. - ATGE is a new potential entry. Target: 116.23 Stop below: 85.26
- ATGE has a historical win rate of 85.71%
- ATGE has a profit factor of 2.807
- ATGE trades last 29 trading days on average over 35 trades since 1991.
See the secret behind these signals here!
This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers:
1. The price breaks upward through the orange Market Roadmap line.
2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months.
3. Once it touches the line and starts moving back up, that signals an entry.
I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!
You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire
Jeffry Turnmire Trading
I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!
Please check out my channel and hit that Subscribe button!
I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.
I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
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