TheoTrade Insider: Market Drifts Ahead of NVDA Earnings as Anti-Dollar Plays Rise

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Market Drifts Ahead of NVDA Earnings as Anti-Dollar Plays Rise

By Brandon Chapman

The S&P 500 finished barely in the green and was led by the technology sector ahead of a pivotal earnings announcement from $NVDA on Wednesday after the close. With an $82 expected move for this week, expect some significant volatility!

Aside from NVDA lifting the market today, it was gold, silver and Bitcoin miners seeing significant call activity today. Their role as the anti-dollar is pivotal during a melt-up and is a potential signal that the market isn't healthy.

Watch…

TheoTrade Daily Chatroom Schedule for Tuesday, May 21, 2024
9:20 AM to 10:30 AM: I’ll be getting us ready for the opening be
10:30 AM to 11:30 AM: Professor Jeff Bierman shows you… The Wa
11:30 AM to 12:30 PM: Blake Young targets more earnings trade
12:30 PM to 1:15 PM: Gianni Di Poce is watching currencies and a lot mor
1:15 PM to 2:00 PM: Brandon Chapman checks top-performing stocks and sector
2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts
3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade