Tomorrow we get the much anticipated NVDA earnings, PCE data, and close the week off with the first Jackson Hole speech from Warsh. Here is what I am seeing in the market and a few of my favorite trade setups here.
But first, I want to highlight the August Report released earlier this month, many of the key idea’s and data points are important here and its a good time to review it (Majority of the report can be accessed without being premium subscriber, just fyi)
Goldilocks - August Portfolio, Index Targets, and Navigating the Energy Trade
August has started out with incredible strength as market reached new highs. Now as we enter a highly volatile time of year it will be key to look at the proper time frames for any thesis. Its easy to lose sight of potential upside and downside when investors and traders get tunnel vision as they watch price go against them and then they lose sight of the bigger picture on longer time frames. I think this is especially key for the rest of Q3 where it has been one of the strongest quarters of the year already for my own strategies.
NVDIA Earnings and The Trade Setup
Nvidia is setting up the path laid out in the August Report, see below where it filled the open gap right at support and now I think there is a good chance it fills the upside gap at 224 and potentially 234 post earnings.
The trade I like is two fold.
