NVIDIA’s earnings stumble
Market fatigue is real. Despite blockbuster earnings, NVIDIA left investors cold. The stock barely budged green in pre-market trading.
Big moves happen on big stages. The AI sector has been volatile this year, but it can lean on its superstar again: NVIDIA delivered.
Earnings beat, exponential growth guidance, glowing analyst reports. The tech giant showed up and checked every box. The stock should have soared. But it barely twitched in pre-market action, up just 0.83%. Either the market needs time to digest a performance that sounds too good to be true, or expectations have gotten so high that even perfection feels underwhelming. Today’s session will tell us which.
The chart breakdown
Short-sellers made their move and hit the weekly support level [1], but without fresh momentum to push lower. Classic consolidation action.
On the buy side, the push toward 49,540 (the 49,500 psychological level on the spot index) went smoothly, but buyers struggled to extend past the weekly pivot point [2].
My read: Sellers hold control. Buyers face pressure. Buyers lean optimistic but not euphoric. Sellers feel cautious. The trend remains down. We’re consolidating.
Today’s trading plan
This is not investment advice. I’m sharing this plan purely for educational purposes so you can see how one veteran trader prepares and reasons through a setup.
The downtrend persists, but buyers (cautious after yesterday’s intraday high) haven’t been trapped.
Today I’m looking to sell rallies into optimism around 49,580, targeting the daily pivot at 49,414.
Maxime holds two master’s degrees from the SKEMA Business School and FFBC. As founder and editor-in-chief of NewTrading.fr, he writes daily about financial trading.
The phony war
Controlled Skid
Peace pipe