Live Trading NVDA Earnings | GOLD, USD, SPX500 & More!

[Music] [Music] [Music] [Music] e [Music] [Music] [Music] attention A1 trading show fans if you're interested in getting free access to the edgefinder or our premium trade alerts listen up for unlimited time our show's partnered broker 8ap is giving out free access to our products when you sign up for a new trading account with them if you already have a broker you may want to consider switching to 8ap because of their low trading cost a wide range of trading assets and their amazing customer support if you'd like to get access to our software and Discord server for free click the link being dropped in the chat right now and ask one of our team members for more information don't miss your chance for free products and an award-winning broker now back to the A1 trading show all right good evening good afternoon everybody hope everyone is doing well we got our bonus stream today our second stream of the day and I hope it's uh I hope it's worth your while I hope it's uh if you watched earlier and you're back for another one I hope to make it worth your time worth your uh your evening uh wherever you're tuning in from by the way um just curious where are you guys tuning in from comment really quick are you watching from you know North America Europe Africa Asia South America let me know where you're tuning in from what country um as we watch what what we've got in front of us which is the uh the Nvidia earnings report arguably the biggest event of this week uh in my personal view in terms of financial markets and uh it's going to be a big one as a shareholder myself I'm very curious to see what their numbers are uh and just a heads up I'm going to be basically reacting to the uh the figure drop uh maybe what I can find on Twitter Etc I'm not going to do the earnings call because my wife is uh gonna start making dinner soon I'm gonna go home and help her but um we're going to listen to the or we're going to take a look at the earnings numbers and just get a reaction to the market we got 350 people tuning in already so thanks for being here we got people from Japan Morocco Massachusetts South Africa Lebanon Japan Ireland I mean look at that Kenya Brazil South Africa Ghana Kenya Lithuania England Canada we got a little bit of everybody it is amazing how important Nvidia is to the state of this whole rally that we've been watching right whether you're somebody in you know wherever you are uh it has a huge impact on markets and if you're not if you're just a casual viewer if you're just like I'm just curious to see what happens but I don't trade these things then hopefully we can still add some value to your day as well what I want you to understand about Nvidia is you know how stocks are performing also let me figure out what's going on with my pen I'm not sure I got to restart it or something um how we view I don't know what is happening with my my uh pen here today is not wanting to work we might go without it not sure anyways what I want you to understand in terms of uh why this matters so much why nvidia's you know continued Rally or lack thereof matter so much to markets it's because at the end of the day what got us out of this rut if you're somebody who is not new you've been watching the markets for a little bit what got us out of that big 2020 selloff I'm sorry 2022 some of you guys might remember that 2022 was a pretty rough year for financial markets in fact if you take a look at this big dip right we had a 38% selloff in the NASDAQ that is aggressive so the reason that nvidia's earnings matter so much is because since then what has pulled us from the depths well some of you guys might remember that during this time the AI trade became kind of a rumor the AI you know um Revolution or whatever you know people uh who were very bearish at the time took that as a total gimmick are you kidding me that's going to be what takes us out of the re you know out of the the fear of recession well it was that and and you know the Fed was able to uh you know they hiked rates a bunch and then they stopped and it started to let the market go up but really what fueled this rally the NASDAQ from its lows guys peaked out at a 100% gain in just a few short years that's massive so why did that happen well it's because technology was fueled higher which led the rest of the market by the prospect that AI has the potential to make companies more efficient long story short it has the potential to make companies make more money and as a stockholder as a stock Trader that's all you want to hear if you're an investor in a stock and they tell you that they're going to be able to cut their expenses by 15% suddenly that's just money in your pocket if you're a shareholder so that's been a big fuel to this rally now at the center of this rally the center of the tech trade has been the picks and shovels producer Nvidia now there's other there's other names there's other stocks that play a role there's other companies that um contribute to the semiconductors uh Team if you will you have companies like AMD right some Traders will will love AMD or they'll be looking at Qualcomm which is another one then you have you know I was just looking at mu Micron Tech Technologies you have Taiwan semi there are many names here to consider in the semiconductor space but all of them kind of pale in comparison to the big dog which is NVIDIA Nvidia is the main producer they have the best Technologies and they provide you know the top quality products to this market so when you think about the California Gold Rush remember learning about that in like seventh grade the California Gold Rush if you're a us I don't know if they teach that in other countries do they teach the California Gold Rush historical lesson in other places I really doubt that but I remember that being a really fun topic um a lot of the migration West was fueled in the United States by the prospect that there's gold out there get out there and we'll you know uh we'll sell you a pick and shovel so that you can get mining out there and that fueled a lot of progression to West expansion in the United States gosh I love history if I wasn't doing trading I'd probably be doing something historically it's just I just find it fascinating um no one cares about us history Bron fair enough fair enough um so the Gold Rush huge right it's it fueled western western expansion and the reason that I bring that up what does that have to do with this Nick well right now the new frontier is AI and supercomputers and Technology advancing well what's fueling it well just like in the Gold Rush there was picks and shovel companies that were making a ton of money selling the miners to go out there railroads making a bunch of money and all these supportive businesses well the rush to make semiconductors have the best computer systems and best AI all of that is fueled by semiconductor companies that is why they're also high-risk High reward they can drop very quickly they can rise very quickly they're highly volatile and I personally have a good chunk of them in my portfolio so today as we approach Nvidia earnings I believe it is about 10 minutes from now that we are going to get um the numbers and you might be saying you know Nick if you have a big chunk of your account in semiconductors why don't you close well because I don't close based off of news events coming because otherwise I'd be closing out my positions constant L but here's the here's the caveat I think that there's a lot of upside to semiconductors even if we get short-term volatility today so even if we get something not particularly exciting from Nvidia let's say that their earnings guidance is just not great or the the numbers are just not as good as people had hoped if that happens I'm G to be on the short term taking some some taking on some water in my positions right so if Nvidia earnings are not Rockstar then it is likely that Nvidia will pull back now I got Nvidia on the big dip that we saw recently the 17% pullback in the NASDAQ I bought up some Nvidia during that time I didn't catch the low but I got in on some some Nvidia shares and if it goes lower I'll tell you this if Nvidia goes lower I'm happy to actually build a bigger position this is a tiny position on my account and I say that I recognize that that is a privilege to say I have a large trading account that I've built up over the years this is a small portion of my account I'd like to make it bigger but I don't want to you know I took my initial trade here when everybody was saying the fall this the sky was going to fall out who's you know I'm not going to lie I was a little bit like okay we might be buckling in here and we may go lower and I didn't buy my full sizing Nvidia and usually when I buy stocks that's not how I do I don't buy all at once I buy a dollar cost average on companies that I really like so for NVIDIA if we drop then great I may actually get a chance to buy it out of better price but if we pop here then it'll be good for a lot of my other positioning um and I just want to add some context here you know the other thing is I like the backdrop for the NASDAQ so the NASDAQ is getting a bullish rating on our software here when we take a look at some statistics here I want to show you the stock indices because that's really what probably most of you guys who are watching care about some of you trade Nvidia some of you trade the NASDAQ can you guys do me a big favor what do you care most about comment this really quick in the chat I'd be very curious to see we got 522 people watching across the different platforms that we're streaming to can you guys do me a big favor what chart are you most interested are you looking at the NASDAQ are you looking at Invidia are you looking at SPX what are you guys watching the most into this earnings report I'll tell you for me it's probably SMH it's probably spy it's probably Nvidia itself those are what I'm watching I just want to see what people are watching in the chat we got Bitcoin gold Nvidia Nas Nvidia Nas SPX yeah so that's kind of what my guess was my guess was you guys are index guys and girls and so let's take a look at that so I am bullish on the indices but today's close was a little bit uncertain but it's not closed yet because with nvidia's earnings this has the strong potential to make a large move one way or the other I don't know what the numbers are going to be we're going to get them about 9 minutes today uh 9 minutes from now we're going to get nvidia's earnings so that's going to have impact it could leave us with a long wick on the bottom with a big Rally or we could go lower here now let me give you one more piece of information guys so we've got the earnings release in eight minutes okay but then we have to call with uh Nvidia CEO and others uh I think that that's going to be in about 45 minutes both of these events guys are going to have a lot of impact on the stock and the broader Market itself so even if you don't trade Nvidia please understand Nvidia is a it is like the Baton leader it is passing the Baton to the rest of the major stocks and to the index itself uh in just a few minutes so it is likely to be very volatile I also want to make this kind of a public service announcement if you're somebody who is you know very leveraged or long or short or whatever on all of these things um we gotta watch we got we gotta be careful somebody just said crowd did Crow strike have earnings okay crowd strike did have earnings I own crowd strike as well so I'm a little bit uh curious about this crowd strike beat earnings very nice we like to see that again what you may see is you may see something very similar to this reaction with Nvidia because it's all about the call and the forward guidance is released on the call so we've got a lot to look forward to here guys it is likely to cause some volatility uh on the indices whether you trade the SPX with you trade NASDAQ uh Nvidia is imperative Pelosi bought uh Nvidia so I'm long you know that's been historically a good strategy we'll see if it holds up today yeah so we will have to see but uh currently the NASDAQ down about 1.16% with about six minutes to go guys before we get the Nvidia earnings I'm going to have them side by side NASDAQ and uh Nvidia next to one another just to see what the reaction is to the market um should be really interesting so I just really wanted to also give you a backdrop let's map this out for a second let's say Nvidia earnings are not good let's say they're I mean they're going to be good but let's just say they're not dazzling which is what it would take for the market to really love Nvidia and shoot higher You' need really good earnings now this is going to confuse new Traders as it does every single time if nvidia's earnings come out good that's not enough nvidia's earnings have to come out Stellar to get the market to go up okay everyone expects everyone knows Nvidia is a monster company the question is are they even more of a monster company than they were yesterday that's what matters with the earnings okay so I just want to give you this backdrop too um overall bias for me on the on the NASDAQ which is of course what the uh the semiconductors companies Etc looks pretty good you got institutional buying from the commitment of Traders report you got seasonally it's a pretty good time still but although we're going into to September so be careful on on seasonality um August in an election year not the worst time but also not the best uh Trend still to the upside we'll see if that can sustain itself in just a little bit GDP stats came out stronger than expected manufacturing PMI not great Services PMI was pretty good retail sales numbers came in better than expected inflation statistics um came in better than expected and jobs data has been a little bit poor interest rates are coming down that's put positive for the NASDAQ so where does that leave us it leaves us with an overall pretty good environment especially with us knowing the FED is likely to cut rates soon that's a good backdrop and I would say the econom is in a spot where it's not crashing but Holding Out for rate cuts that makes me bullish on the NASDAQ in general I am a buyer of dips on the NASDAQ and within the NASDAQ that's where we get into the semiconductor companies right um that's why I like that area uh it is the the kind of leader of the tech trade but let me just say I'm saying it's the leader I could sound really dumb in about five minutes when they released the numbers I don't know what the statistics on or the earnings are going to be I'm just saying that if we do see a big drop I'm going to look at that as kind of a broader theme still an okay opportunity to maybe pick up some more shares for my existing Nvidia position and if we pop then great you know that then we're up on the position but I just wanted to make that clear I don't know what's going to happen I do have a position it is relatively I know sounds kind of crazy because you know I'm I'm in a good overall spot you know I I uh this is not a huge portion of my account it is a relatively small position and I'd like to make it bigger so if we get a big drop I I mentioned that earlier um that's kind of my my goal is if you do see a huge drop on Nvidia I can actually build a position out but if we continue to go higher then that's fine too so we'll see I'm kind of uh agnostic to that although I do have a good siiz position uh on other areas of the stock market like spy SMH iwm that would benefit greatly from really strong Nvidia earnings so we'll get those again we're coming out uh in just about three minutes to go supposedly that's that's what I could find on the internet if if please someone correct me if I'm wrong but I believe we're getting nvidia's earnings at 4:20 PM us Eastern that is in three minutes yeah so we will we will see put your stop loss the same as your buy position so this this Nvidia position for me is not a trade this is more of an investment I like the company I think it has a lot of potential to continue being a monster company um and I think that they're going to grow earnings really quick but that could get challenged in just a few minutes here so if we get something contrary uh am I going to close out position no I'll just probably wait for a better price on Nvidia some ideas where I may choose to add if we were to see a broader selloff in the market would be maybe a move down to 95 I could add maybe a move to 80 I could add and then I could actually start getting a little bit bigger of a position size on Nvidia so I do own several stocks I also own things like crowd strike which apparently had good earnings which is awesome so so there we go crowd strike's doing okay today we'll see if if that can spread the good news to Nvidia or not Tesla's another one gave back a lot of my gains on this on this stock uh but again these are these are long-term positions for me I'm not looking to like make an immediate return and close it or anything like that I don't usually trade very actively individual stocks I may play some options on it but for the most part these are longer term holds what's more of a trade for me is watching the indices the indices have the PO poal to really move here in the next well just about minute or so everything from SPX to you know the q's NASDAQ we will see what we get here so I'm going to go ahead and uh set up my charts here I'm going to keep the NASDAQ on the left I'm gonna put Nvidia on sorry NASDAQ on the right Nvidia on the left and we can watch this live together to see what the reaction is again to their initial IAL release of the numbers we will see supposed to be coming out in the next one minute please be careful during times like this it is very easy to get yourself into very troubling positions if you are gambling on these sorts of events I do not know what the earnings release is going to be I'm here to react to it and adjust accordingly if they're great then great I could you know stay long indices and if they are terrible then maybe it's time to take some profits on some of the positions I got in the last month we got the 15minute chart pulled up on both numbers are supposedly coming out in the next 10 seconds we'll see all right I'm going to pull up also at the same time Nvidia making a little bit of a move lower here once the numbers are out you will definitely know because the the chart will be crazy all right Nvidia making a move lower here back down towards the lows of the session currently also um it's a beat okay let me know what uh if you guys have stats if you see anything if you find anything please let me know please share it in the chat again estimates for earnings are 645 uh cents per share estimates in terms of Revenue 28.7 3 billion all right Nvidia just reported earnings of 68 uh cents per share at beating expectations of 64 cents revenue of 30 billion beating expectations of 28 .7 billion my goodness guys $30 billion do in Revenue I don't know how they do it I mean I know how they do it I know they're a killer company what I mean is I don't know how they so consistently just rock earnings estimates seeing at least a positive reaction so far crazy crazy numbers huh ined reports Q2 Revenue 30 billion versus Street estimate of 28.75 so that is a pretty nice beat there on earnings my goodness revenue is crazy they just tacked on oops we accidentally made an extra or we brought in an extra $1.25 billion that's crazy beat on the top and bottom line for NVIDIA but you can see you might say Nick why is the stock not up that's how highly valued or highly um kind of the expectations for these this company is everybody knows Nvidia is a beast and they came out beast mode and still you can see the stocks reactions kind of muted now here's the thing the other thing to remember is that just like we just discussed with crowd strike kind of moving back and forth during the earnings it's all about the guidance it's all about what is coming next for NVIDIA got 785 n oh my goodness 800 people watching thanks for being here we're reacting to nvidia's earnings currently if you're enjoying the show do me a big favor and hit the thumbs up button subscribe if you're new we cover all sorts of Market stuff today's big headline was definitely Nvidia and how things are performing S&P 500 lower uh same thing with the NASDAQ there goes the NASDAQ sliding a little bit more look at that Nvidia now down to 121 what kind of move is that let's see that's a 4% move lower making a making a push lower that is that is for sure Market still reacting to the numbers as they're I mean they they came out but the Market's kind of factoring in everything even though they had the beat that that is just to show you how highly you know antip anticipated and expectations are very very high for NVIDIA Nvidia can't come out with anything short of perfection otherwise the market is not happy so you can see down five now 6% Nvidia is continuing to push lower and that's on good earnings guys you have to think that's not on Nvidia didn't come out with horrible earnings they came out with great earnings and still the stock sells off simply due to the expectations for this company being so so high so you can see there's my my position giving back some gains here it's a little bit early to to really call it though because here's the thing Nvidia earning things uh being released are one thing the projections for forward guidance are the other will that save the day maybe will that continue to to make it much worse that also could potentially happen if Invidia makes a bigger move lower if we really break through the lows if you get this massive kind of selloff for the next few weeks that would be uh perhaps a better opportunity on the longer run to get some good cheap shares the other thing to remember is why why we're earning so good well it's because all the big customers of Nvidia like meta Microsoft Apple the reason that those companies uh or that uh the reason that Nvidia earnings are so big $30 billion that is insane Revenue beating EST estimations that's crazy reason it's so big is because all of the ginormous companies are customers of Nvidia let's take a look at the uh the move here on the 4H hour candle we're down one point down as much as 8.5% I mean this isn't a this is just a violent move look at this just from the lows there up 5% and about what one minute just volatile NASDAQ kind of falling suit you can see on the right here we got the NASDAQ moving lower big selloff here with the taking out today's lows by the way today's lows got taken out there how's the SPX doing too SPX uh my stop is trailed right here if we take that out then I am going to be closing out for a profit on that SPX trade we'll see just a violent mover if the SPX takes out the lows here what that would mean is I'm back to having some cash and I can look for some opportunities out there and if this thing rallies then great we'll make money on that side so I am uh I'm kind of agnostic to what happens here I've been in an SPX long position for you know some time here so if this takes out the lows if we get you know an earnings call that's really disappointing I'm going to be trailing out and taking profits on this that's where I'm currently positioned guys I'm going to be um hopping off here in just a second I know it was kind of short and sweet 760 people here uh thanks for hanging out with me uh nvidia's earnings call I'm not going to be streaming that but you can find it all over the Internet um you can also tune in to their investor relations page and listen to the earnings call yourself to hear from the CEO and team if that is something you're interested in before I go remember if you guys would like access to the edgefinder it is currently 35% off we'll drop the link really quick to speak directly to a member of my team if you'd like to uh get access to this tool while the while the discount is live 35% off get access to all of the data that I use to make the trading decisions that I make so if you're looking for more fundamental analysis if you're somebody who trades indices gold you know Commodities Etc this might be the right tool for you if you have any questions you'd like information about the discount so on and so forth you can get all of that by sending us a direct message using that link that just got dropped in the chat all right I'm off to dinner with my wife thank you guys very much for watching cheers thanks for uh sticking around with me after the bell and we will see you next time see you guys thanks for tuning in to today's A1 trading show make sure to subscribe and to turn on post notifications so you don't miss the next one also we're looking for more guests to come on the show if you're comfortable being on camera have trading experience and you're looking to grow your audience exposure we'd love to have you on in the live stream chat and description below we'll drop a link to apply to be a live stream guest and join in on the conversation we hope to have you on soon that's all for today trade safe and we'll see you next time