NVIDIA WILL MAKE THE STOCK MARKET CRAZY TOMORROW

Nvidia Earnings Are OUT! [Music] what's up everyone and happy Nvidia day 56% of stocks in the S&P 500 closed down in the red today as we saw a lot of profit taking across a whole bunch of different Industries ahead of this big Nvidia earning report in today's video we're going to cover everything you have to know about what's going on with Nvidia right now but as well as the overall Market because some crazy things are starting to pick up kind of like how smci uh got obliterated today as they announced that they are not going to be filing their annual report on time and this sent shares down nearly 20% but smci isn't the only stock moving in a crazy way so we have a lot to talk about today we have a lot of great setups for tomorrow and towards the end of today's video we have a very interesting $1.5 million Big Money Trade so stick with us we have a lot to cover for tomorrow and besides that Tom let's not waste any time yeah the Spy actually fell all the way down today to that 555 support started bouncing there towards the end of day bounce right back up I know that we've talked about that level a little bit over the past couple days so that was a big spot to see it bounce back up at here but in after hours I'm worried about this potentially break breing Mike we had Nvidia report everybody's been waiting for this report tonight uh it finally happened the suspense was killing me in after hours waiting for this one to come out but looking at their uh earnings a little bit more in depth Mike they actually had a really good report and the stock is not showing it so they had 122% Revenue growth on surging demand obviously but as we go down they're they beat on EPs and revenue as well and even their outlook for Q3 of 2020 5 beat estimates a little bit so you know they didn't like explode above estimates but still this was a great report by them and I don't know Mike uh it's it's another one of those earnings uh situations that makes people scratch their head and then Tom you're also forgetting about the $50 billion share buyback they announced so whether you're looking at nvidia's profit their revenue growth their guidance or this $50 billion share buyback they're they're doing pretty good you know to say it lightly but just because the company's doing good it doesn't mean their stock has to go up on earnings because as we look at nvidia's chart over like the past couple of years this thing has just been ripping so much so that like the market kind of like expects phenomenal earnings from this company so like in order for them to like truly blast higher they have to just report a phenomenally good earnings report and while the stock has been a little bit disappointing and after hours so far um earnings especially with Nvidia are as volle as they come because as the conference call happens that's when we'll get even more information related to this most recent quarter and their uh future plan so uh keep in mind it still has a lot of volatility left in the tank but looking at this stock tomorrow it'll be very important to uh keep a close gauge on how the I guess you could say flows are coming in Nvidia is one of those stocks where like when it's trending to the upside in a strong way it clearly has that exponential potential but at the same time as we've seen many points over the past year uh when this stock does like have Panic uh you know come in it tends to get like really crazy really quickly and uh that has been demonstrated again multiple times throughout the past year so with Nvidia right now it's all game of momentum and um Nvidia as we all know has a very large direct impact on the market as a whole yeah it definitely does Mike you know it's one of the biggest weightings in the S&P 500 and we have a nice chart kind of showing just the impact that the largest companies in the S&P have and you know we looked at the waiting chart yesterday nvidia's number two on the list right now we have uh the the top five companies represent 28% of the S&P 500's total market cap like that's quite a bit and you can see especially over the recent years since the 80s uh that percentage has not been anywhere near 28% right at the higher end like somewhere around like 10 to 18% but uh yeah but either way mik it's pretty crazy just to say that that that these little handful of companies have such a large influence and we can see that on the heat map too you know the heat map is a good representation it shows these blocks and the bigger the block the more the waiting right so you can see how you know these five stocks that I'm circling here make up most of the S&P for sure and when we look at The Waiting more specifically like you said Nvidia is at that number two spot with a waiting of just under 7% for the entire S&P 500 when we scroll down the list we could see that uh you know it just dwarfs just so many other companies so long story short this Nvidia earnings report is a big deal for the market as a whole and when we look at Nvidia earnings it's easy to look at you know the I guess you could say news that explains it like Revenue growth up 122% and a $50 billion share buyback but that is not what necessarily moves the stock it's the it's ultimately like the supply and demand associated with it so again looking at Nvidia tomorrow let's follow the money let's ride the trend of course Let's uh you know of course uh trade in a way that aligns with proper disciplined risk management strategies but uh this stock will be pretty crazy and pretty explosive tomorrow so let's keep a close eye on it yeah definitely do so and you know when whenever I think about Nvidia and and earnings in general Mike you know sometimes we'll see these earnings moves and they'll fall down a little bit right and then we'll post the video and two hours later uh you know tonight while I'm making dinner I'll look and Nvidia will be all the way up uh you know breaking out right so sometimes these earnings can definitely flipflop uh you know with how the numbers came out and since they were fairly positive you know maybe we'll see it climb up a little bit in the morning we'll have to see you know like you stress the volatility with these earnings uh is very strong and it goes all over the place now the implied move with Nvidia Mike today was around $15 right uh it looks like it's pretty far off and that's uh at least for right now why we always say it's so important to be careful playing uh playing earnings with options whenever you're you know trading earnings or trying anything like that right it's a it's a pretty tough thing to do and another thing to keep in mind really quickly with Nvidia especially is because it's such a popular stock you know the more it moves up the more buying pressure It ultimately tracks for example if everyone sees that Nvidia starts rocketing to the upside and is making and going for a brand new all-time high then that's going to make everyone want to jump back into it and make the stock go up even more at the same time uh because Nvidia stock has risen so much over the past couple of years there's a whole bunch of money that just you know flocked into Nvidia some at good prices some at bad prices but regardless if we start to see the stock let's say break below like the let's say $18 area or maybe down to like 115 that could bring in a lot of panic and just you know maybe even some margin calls which will have the same effect and I guess you could say intensifying the move but to the downside so again let's follow momentum and keep a close eye on it but Suspicious "Things" With $SMCI another area of the market that uh or I guess you could just say yeah another area of the market that has just been uh struggling lately are just these chip stocks in general smcii got obliterated today as basically they uh announced that they're going to be delaying their annual report for those of you who don't know this is a very sus move there's not many good reasons you would uh do this and this is coming just after Hindenberg disclosed a short position in the company uh alleging fresh evidence of accounting manipulation so some suspicious things are going on with smci right now uh and this will ultimately also have like a an effect on Nvidia because it just kind of like worsens the sentiment with chip stocks over overall so uh just keep that in mind for tomorrow and keep smci and even SMH on your radar because they are good gauges of the semiconductor chip uh industry as a whole yeah definitely and whenever I think about smci I'm like wow like uh of course Hindenberg comes out with that and says that there could be manipulation and then they out of nowhere delay their accounting stuff that they're supposed to release right like it's it's kind of funny right they're like oh no you know now now we're going to get caught we better uh you know we better fix it but either way the stock is actually down on a pretty key level Mike $400 uh is what smci bounced off of today so it's sitting at a pretty crucial spot as well I'll be keeping $400 on watch for that one if we end up seeing a good breakdown below that there might be an opportunity there and you know uh SMH like you said encapsulates many of the chip stocks of course it's down tonight with Nvidia but uh everything can change tomorrow of course if we do see Nvidia happen to recover back up there we go but as we look at 1 Trillion For The First Time the market as a whole right now things are starting to get pretty exciting for multiple reasons of course we have the chip uh industry start to starting to move in some pretty crazy ways we have the election coming up and we're still pretty close to uh record highs for the S&P 500 but something that's pretty interesting is that uh well I guess on one note worry Buffet just crossed the one trillion doll market cap valuation and he was the uh first company outside of a tech company to do that so congratulations to warry Buffet but uh the reason I bring this up is because uh he's been making some pretty what we'll call interesting moves lately where he's been uh selling half of his Apple Stak and he's been selling more and more of his Bank of America shares as well and now he owns more t- bills than the Federal Reserve itself while Warren Buffett might not say his opinions on the market um nice and plainly when you look at his actions they sure say a lot uh when you sell you know your half of your biggest holding Apple that says a lot but then also when you're increasing your cash pile it clearly shows that you're not the bullish the the I guess you could say the most bullish ever on the market so as we navigate the market right now let's uh take note of the actions that you know phenomenal investors like and Buffett have been doing because um you know you you can you can gain a lot of uh good information from them we'll put it that way yeah you definitely can and whenever I start to think about him doing that you know it's just you have a such an influential figure out there starting to sell out of apple right and it's not just like oh yeah we're trimming a little bit of Apple here we're talking half of the position and for those of you that don't know Apple was still is uh the main player in birkshire right so Mike I know you said well I know that that article says that berkshire's outside of tech but I don't know do they count as being outside of tech I guess technically they do but since they invest in Tech I I don't know you know it's kind of kind of it's it's interesting to think about right but um it is kind of funny though that something outside of tech like an investment firm uh would would be the next thing to hit a trillion of course yeah so the main thing is that uh let's be a little bit skeptical about the market right now that doesn't mean the Market's going to crash burn but understand the moves that big investors are making and it's not that they're you know overthe toop bearish but they're definitely uh done in a protection sense and um you know profits are being taken not only from Warren Buffett but just investors as a whole and that is made more than evident when we look at the heat map because uh heading into this Nvidia earnings report we saw a good amount of profit taking across the entire market so and again it's not necessarily a bad thing to do right now either especially as we get closer and closer to this year's election but Nvidia was definitely the earnings Earnings & Events report of the week Tom but we have a handful of uh other exciting stocks on the schedule as well yeah we definitely do tonight crowd strike Salesforce and a firm reported as well you know we'd like to have them all in the video but I don't know Mike we might bore people with like a 70 minute video if we had to cover all of them uh with on Thursday we do have Lululemon reporting tomorrow along with Dell in after hours Mr VL is another chip stock and then in pre-market we do have Dollar General and Best Buy so that's the that's the rest of the earnings for the week but going into the economic calendar we do have some GDP numbers tomorrow which will be pretty interesting yeah one hour before Market open so uh keep your eyes peeled for that and then for Friday we have some personal income personal spending and pce data so that is it for the schedule Tom so let's Dive Right into SPY Levels & Analysis some levels and Analysis for spy yeah looking at spy for tomorrow here it's pretty interesting right we fell down today bounced off 555 which we did talk about yesterday you know and if we look at 555 in the short term that was a major level where uh where spy bottomed out on Thursday of last week so that's going to be a big support to watch if we open up well below 555 then I'll be pretty bearish and I'll just be watching for that support to break all day there is some minor support right around 554 just under there as well of course you know it's like a bit of a range right there where we've seen a few bounces so I really want to see a breakdown of that then I'll be watching for 552 550 and then 549 underneath there uh those are the main levels to the downside to the upside I'll be watching 559 560 561 and then 56250 um before we hit that high of the week again at 56350 if you guys want to go ahead and screenshot this chart there's quite a bit of levels on here sounds good all right well let's get right into some Favorite Setups & Predictions setups and predictions then a stock I'm watching very closely right now is Netflix and it is to the downside uh this stock has done very well over the past couple of years or so but it has some heavy resistance overhead not only on like an absolute level in terms of like the $700 resistance but also when you zoom out on the chart you can see that it's right at the point that it peaked at back in November of 2021 so this shows that there is a a lot of selling pressure here and just by looking at the way in which the stock is moving that is made uh pretty clear so Netflix is definitely on my bearish radar for the short term I would love to see a break below the $680 level again and then uh for the stock to put continuous pressure on its low of day if that happens and the market is also relatively weak I think this could make for a great bearish setup yeah me too I love this one to the downside it's starting to reject pretty well here up around the top and I could see continuing down for a couple more days with my first play I'm looking at Uber here and Uber had a pretty bad move today as well they were down 1% they've been falling off a little bit the past few days I'm going to really watch that $71 support uh I like this resistance that they're at and if they keep rejecting here tomorrow morning and then they break this double bottom around 71 then I'll just keep watching them down and I'm just looking for more downside pressure and momentum if we go to a daily chart of uber they're on a pretty major daily res resistance as well and that's going to be the uh main rejection point that I'm looking for good stuff all right another stock I'm watching Pretty closely is ANF and it is also to the downside ANF is another stock that has done very well over the past year or so and they reported earnings today and they fell off quite a bit they're down around 177% on the day but it's another one of those stocks where like it Trends in a pretty strong inconsistent way uh looking at ANF right now again if we could break that re recent low right around like 134 to 135 and put continuous pressure on its low of day I think it could make for a good bearish earnings continuation and the setup I'm ultimately looking uh with this one for is somewhat similar to the setup with PDD this stock uh basically fell off quite a bit also because of earnings but they continued lower for multiple days after the fact and this is what you would just call a earnings continuation setup and it happens quite a bit in both directions so again either way ANF is on my bearish radar yeah I like it quite a bit some of these earnings moves here have been pretty crazy and uh these continuations have been working out pretty well on a few different stocks so I'll definitely keep watching it you know that was a pretty brutal drop 177% it's not like it's only down 2% in after hours or something like we're talking a uh an insane amount here but with my next play I'm looking at AMD and it's not looking too good here in after hours I'm really watching some major upcoming supports I want to see a nice rebre for tomorrow back under 144 we could see that in premarket or even uh later on in after hours tonight depending on what happens with Nvidia but if that happens I'm going over to the book map um we could see a pretty good break of that support I really like 145 and 144 but um note how both levels are pretty decent and I want to see a true break to the downside so I'm going to make 144 break then I'll keep looking at AMD down if it breaks it in pre-market then it's mainly just a game of momentum from there uh if we actually scroll out a little bit on the book map we can see that there's going to be another major support coming up right around 140 so if we do see some good downside momentum that could be a decent Target there and you know again shout out to bookmap for the levels here I love finding these nice targets like this love to see it and it's very important to uh be aware of those levels just like you said because without uh seeing these uh I guess you could say these walls of buying pressure uh with AMD you would have never have known that uh there's a whole bunch of buyers stacked up there so great stuff there with AMD and book map but besides that Tom I think we are all set for today's momentum plays and with the first one we have Intel to the downside poor Intel here they actually broke under the $20 support today and I have to go to the daily chart on Intel just to show this cuz it's starting to get pretty low and back towards the recent low here so uh if we see a good breakdown of this double bottom at 1950 then keep watching it down but that $20 support break was pretty rough again today this Intel chart is depressing seriously like when you look at Intel whether it's over the past couple of weeks or the past year or the past couple of years it it it basically just gets worse and worse so yeah so we have Intel and watch for tomorrow uh with the next one we have JP Morgan but to the upside yeah so banks have been pretty resilient in the short term even today while the market was a little bit uh flat to down JP Morgan ends up popping up a little bit so if it can break this high of day right around 222 then keep watching it up it did extend above 222 slightly up to 22220 so maybe uh give that give or take a little bit around that 222 level all right with the next one we have Amazon for both directions Amazon pretty crazy here a tech stock it's probably going to Bounce Around quite a bit with Nvidia heading into tomorrow but if it ends up breaking under 16880 just under that low of day then watch them back down if they do end up ripping back above 172 then watch them back to the upside all right so we have the upside level for a potential move higher we have the downside level for a potential move lower that's for Amazon don't forget about the upside level with JP Morgan and then the downside level with Intel these three stocks are on watch for potential day trades tomorrow if and only if they break through the levels Tom listed we want to see strong consistent movement here if they don't break the levels then don't force the setup but besides that we are all clear for today's $ 1.56 million Big Money Trade and we are looking at ticker symbol clld DX now this is a company that most people have probably never heard of before and I don't blame you it is a biotechnology stock and the big money is uh getting pretty bullish with this one so this is going to sound a little bit complicated at first but bear with me for a minute and I'll make it nice and simple basically what the big money did today is they placed a bullish trade where they want cldx to go up more specifically they bought the 40 strike call options and they shorted the 60 strike call options both of which expire on November 15th of 2024 all this means in nice simple terms is that they want the stock to go up and and in order for them in order for their trade to actually have value they need it to be greater than $40 a share and their maximum profit will be achieved once the stock gets to $60 a share if you don't want to deal with this complicated spread you can just follow the 40 strike call options for November 15th of 2024 it'll be a very similar trade and your life will be uh much more simple but either way looking at cldx uh again this is a biotechnology stock it has been channeling uh for quite a while now and it has started to make higher lows which is a good sign stocks like this one move a lot based off of FDA drug approvals and I guess you could just say uh any updates related to the treatments that they are making biotechnology stocks are some of the most volatile and crazy stocks in the market which is a good thing and a bad thing of course sometimes they will plummet but other times they will rise in a quicker way than almost anything else else with that being said if you decide to follow this trade it will be crucial that you give it the time it needs these options expire on November 15th of 2024 this is not an option for tomorrow or even this week these options have time so if you decide to follow this trade just understand that uh you know it's in your strategic interest to you know align yourself with the big money some of these like biofarma big money plays are so interesting right and I'm really glad to see this one being a spread because it kind of gives us a better outlook on the direction right like of course A lot of times we're worried about maybe that it's a covered call play or something like that but I'm really glad that it's a spread kind of lets us see that direction a little bit better and I really do like that $40 Mark here uh that's a pretty solid resistance and you know looking at this stock over the past like few months to the past year you know it's been continually bouncing off of this low and a lot of times when it bounces off that low it gets pretty high here in the short term so I wouldn't be surprised to see it get above 40 over the next couple weeks and for all the Gap fil Traders out there too there's like a nice Gap up to around 4150 here love to see it so either way keep a close eye on this one going forward but it is an exciting time to be a Trader Nvidia earnings are uh freshly released we have the stock market still pretty close to all-time highs some stocks like smci are getting destroyed and this is just making for a volatile fun trading environment uh when when you see volatility and big moves that shows that there's opportunity especially for short-term trading when there's nothing happening then there's nothing happening and there aren't as many opportunities so going into tomorrow let's uh trade in a smart disciplined long-term oriented way let's uh plan and follow our trade plans with all trades we take let's follow the money and let's just trade in a smart good way uh if you guys are into short-term trading definitely check out the stocked up trading floor we still have the uh sale going on for the 100K subscriber special uh coupon code 100K will lock you in at a pretty nice yearly rate so definitely check that out uh today in the trading floor our SM bot crushed it with some Costco put options that popped up by 3 67% some PDD put options that popped up by 207% some Starbucks put options that popped up by 205% and a handful of other trades in addition to our Bots you'll also get access to the big money trades that we cover in the videos but you get access to them on the same day the trade is made which can often times make for better entry prices uh you can chat with Tom myself all day long as well as many other uh pieces of software and benefits but another really cool thing is you could join our weekly live events which is actually tonight so if you get in before 900 p.m. eastern time we will see you at tonight's live event again coupon code 100K will uh get you a really good price on the yearly plan and we don't do sales too often but besides that it's an exciting time to be a Trader and uh Tom we can't Forget before we close out of the Discord we have to give a giant shout out to today's member of the day goob goob who uh had a great uh post yesterday uh showing some awesome profits with some QQQ call options but then he also said not a member but I'm about to be the stocked up videos have been my daily morning routine for the last month what a killer Community love to see that so awesome job there and keep on rolling but besides that thank you all so much for watching and let's have an amazing day in the market tomorrow