[Belgrade Bobby]

Nvidia  Corporation ( NASDAQ )Daily

It hit the new high today and turned back to support. Now it is on $ 1.080 to hold and allow for the continuation of the Uptrend, or to give a way and start at least a decent correction.

[Belgrade Bobby]

Nvidia ( Nasdaq ) Daily

Don’t want to brag, but was I right yesterday …

Support held perfectly ( ok ok missed for 1 $ 😀 and new high reached….

1.200 is not all that far away anymore…

[Belgrade Bobby]

Nvidia ( NASDAQ) Daily

Supports $1.110.00 & $ 1.080.00

Next stop $ 1.200.00

[Belgrade Bobby]

NVDA Nvidia

Nvidia Stock Soars Past $1,000
Chip maker announced a 10-for-1 stock split in bid to make shares more affordable after they jumped 25 times in the last five years.

Nvidia doesn’t care about other stocks…obviously…

 

[Belgrade Bobby]

NVIDIA Corp. (NASDAQ)

Monedge and me hit the nail on it last night – for us it was no brainer 😀

Pre market price was obviously a bargain with some discount on top of it…

$990 , $945 – as long as they hold the pressure, we can see it higher.

[SF Monedge]

Market activity is disjointed on the broader scale.  Nasdaq is bid due to Nvidia and other stock indices are not liking the conditions.

[Belgrade Bobby]

NVIDIA Corporation (NASDAQ) Daily chart

Nvidia shows no sign of AI slowdown after data centre soars over 400%

Pre market price already above previous High

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

Yet another quarterly earnings beat from AI-chip behemoth Nvidia (NVDA.O), opens new tab catapulted Wall St stock futures higher again on Thursday – batting away hawkish Federal Reserve meeting minutes, military tension around Taiwan and news of a July UK election.

Morning Bid: Nvidia aces Fed, tense Taiwan and UK poll

[Belgrade Bobby]

Monedge – if we put aside my string of loonies and other popular characters (instruments) on the net that I found interesting and silly at the same time, NVIDIA is something of our thing…kind of J

Daily close seems Bullish to me ( and so far I guess you figured out that I follow everything strictly technical) . I avoid getting involved in stocks – too much fundamentals that can swing the other way in a second , but this is textbook example for another leg up situation….your approach with Buy stops above the market follows the suit 😀

We should talk a bit more on the issue of as you call them “meme buys” and try to save at least some of those fans out there – the new generation really need some education ….

NVIDIA 4h

[GVI Forex 2]

May 22 (Reuters) – Nvidia (NVDA.O), opens new tab forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward stock split, impressing investors who have already tripled the chipmaker’s market value in the past year on AI optimism.

Nvidia shares hit a record in extended trade and were last up 2.7% at $978. The AI poster child’s stock has risen more than 90% so far this year.

[SF Monedge]

Re: Belgrade / 6:51 pm – Bobby there is no way the meme buy would stick.  There are zero forward looking fundamentals in support of course.  The only way would be if they actually have a transition plan into new markets that suit the times.  Not the business plan of “sticking it to the man.”  Same with Icarus eh?

Now to Nvidia.  Buy stop above market approaching the 2pm PST release in Euro?  Only the bold survive?

[Belgrade Bobby]

NVIDIA NVDA (NASDAQ) Daily

If Support at 920 gives a way, we’ll have a Triple Top in place and 750 might be the target this time.

[GVI Forex 2]

Stocks lower… must have read Michael’s post.

Watch out if Nvidia doesn’t throw it a lifeline.

[SF Monedge]

Sterling rates have turned negative finally to compliment Euro forwards, UsdJpy rates are not overwhelmingly negative but strongly slanted that way in addition to options, futures, and other neural aspects.  Sell side of UsdJpy should stick overall and so should Euro and Sterling.  Until Nvidia.

[SF Monedge]

GVI – regarding Britain, forward rates for Euro are decidedly on the sell, and for Sterling they are overwhelmingly on the bid.  That is very unlikely to change today.  Market did nothing on this morning’s data.  Stocks are waiting for Nvidia.  The highly moderate bid tone in stocks anticipated pre-market did transpire but overall in a holding pattern.  Could be a 20 point range today in Euro for now likely.  Bought UsdChf last week per our discussion.  So far so good.

[Belgrade Bobby]

Nvidia Daily

$10,000 invested in $NVDA 10 years ago is worth $2,197,000 today.

Good luck to holders with earnings today.

 

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

While the inflation and interest rate world continues to throw up unpleasant surprises, it’s hard to imagine much of a shift in major indexes on Wednesday as Nvidia’s (.NVDA), opens new tab earnings drum roll builds through the session before a post-bell release.

Morning Bid: Nvidia nears, UK CPI lunge misses target

[Belgrade Bobby]

Nvidia 4h

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

World markets, heady on hopes for renewed U.S. disinflation and another attempt by China at shoring up its ailing housing sector, entered the new week on the front foot as attention switched back to the artificial intelligence boom.

Morning Bid: Buoyant start to ‘Nvidia week’

[Belgrade Bobby]

NVIDIA Weekly
Stock price ended at $898.78 on Friday, after gaining 1.27%.

The NVIDIA stock price gained 1.27% on the last trading day (Friday, 10th May 2024), rising from $887.47 to $898.78. During the last trading day the stock fluctuated 2.43% from a day low at $892.33 to a day high of $914.00. The price has been going up and down for this period, and there has been a 2.44% gain for the last 2 weeks. Volume fell on the last day by -4 million shares and in total, 33 million shares were bought and sold for approximately $29.86 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

[Belgrade Bobby]

NVIDIA Daily

Goldman Sachs today raised its price target on Nvidia $NVDA to $1,100 up from $1,000 while maintaining its Buy rating

[SF Monedge]

Tick ratios in S/P 500 stocks have lost 1/3 of their 20 day range indicating consolidation and an upcoming strong move either up or down from current/recent levels.

Looking further out and with a macro perspective, considering that there is a tremendous gap between US stocks and Fed Fund futures, which has to converge at some point, this begs the question – what will happen to EurUsd as that transpires?  The answer would be a selloff in stocks and in bonds and the yields rise over time, especially looking out toward the 4th quarter of the year.

I like Bobby’s notation of Nvidia looking like a sell and I am on board with that.  That could very well impact EurUsd longs if it does transpire.

[Belgrade Bobby]

Nvidia – Going for a triple top or….

[Belgrade Bobby]

NVIDIA Daily – Technical outlook

Double Top in place

Fibo 0.382 Held nicely on correction

For another attempt for a new high needs to overcome 930.

Major Support at 665

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

World markets have cheered up a bit this week, but ailing Tesla’s (TSLA.O), opens new tab tanking stock price faces a critical earnings test later on Tuesday and this month’s European business pulse proved surprisingly racy.

Relief at cooling Middle East tensions helped steady the ship on Monday after the worst week on Wall Street since 2022 – with bellwether chip giant Nvidia (NVDA.O), opens new tab recouping some of Friday’s 10% lunge as Big Tech megacaps get set to report first quarter updates over three days of a heavy earnings diary.

Morning Bid: Tanking Tesla reports, Europe business beats

[GVI Forex 2]

The tech stock turmoil continued as semis led lower, with Nvidia falling 10% in a day for the first time since 2020.

[GVI Forex 2]

The tech stock turmoil continued as semis led lower, with Nvidia falling 10% in a day for the first time since 2020.

[Belgrade Bobby]

USDJPY Monthly

This is NOT a Bitcoin, Nvidia or Gold…this is Yen (not Sparta definitely 😀

Mind you, all time High of Modern times is at 160.360

It is becoming kind of hilarious….a Small correction is like 1000 pips lower, and a decent one…well…how about 2.500 pips .

Trading it on anything bigger than half an hour chart takes some Cojones 😀

[GVI Forex 2]

Swiss govt released revised economic forecasts

2024 CPI lowered to 1.5% vs prior 1.9%

This comes ahead of the SNB rate decision on Thursday

See details in Week Ahead. Preview

[GVI Forex 2]

Newsquawk Week Ahead March 18-22nd

MON: Chinese Retail Sales (Feb), EZ Final CPI (Feb)

TUE: BoJ Announcement, RBA Announcement; German ZEW Survey (Mar), Canadian CPI (Feb)

WED: FOMC Announcement, PBoC LPR, BCB Announcement, CNB Announcement, BoI Announcement, Japan Market Holiday (Vernal Equinox Day); UK CPI (Feb), New Zealand GDP (Q4)

THU: BoE Announcement, SNB Announcement, Norges Announcement, CBRT Announcement, European Council Meeting; EZ/UK/US Flash PMIs (Mar), US Philly Fed (Mar), New Zealand Trade Balance (Feb), Japanese CPI (Feb).

FRI: Japan’s Rengo (labour union) 2nd Pay Tally, CBR Announcement, European Council Meeting; Australian Jobs Report (Feb), UK Retail Sales (Feb), German Ifo Survey (Mar)

Click below for an in-depth analysis by Newsquawk

Newsquawk Week Ahead March 18-22nd – Highlights include: FOMC, BoJ, RBA, BoE, SNB, China activity data, PBoC LPR & Nvidia GTC