Records are Made to be Broken
Coach Mark here.
I had the pleasure of doing another podcast with my brother Matt over the weekend and was he on fire! Not only in his analysis but he had quite the passion in discussing the Fed and GameStop!!! It is worth listening to for pure entertainment value but I have a feeling you will get some actionable analysis as well along the way! You can watch the podcast on our YouTube channel here or listen to the podcast here.
The major indices are at all-time highs, gold closed the week above 2400 for the first time ever, and many individual stocks are setting new highs as well right now. In markets, records are made to be broken but the question in front of us always is what comes next.
In the podcast we break down the current setups in the market, what likely comes next, and preview scenarios around Nvidia’s earnings. The week is heavy on Fed speak but light on catalysts other than Nvidia who reports after the bell on Wednesday. What are some scenarios to look for this week as we head into the most important company in the world’s earnings? We break it all down.
Bitcoin, oil, meme stocks, silver and other topics are discussed to start your trading week. Once again, you can watch the podcast on our YouTube channel here or listen to the podcast here. Have a great Monday!!!!
Chart of the Day: Nvidia (NVDA)
A clean resistance level has setup coupled with a short-term momentum pattern just shy of 1000 on NVDA as we head into its earnings week. Not a bad technical look….Nvidia just has to deliver the results this week.
Today’s lineup
Traders Lounge 11 AM EST
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Weekend Reports
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