NVDA Crushes it

Daily Plan 11.22.23

Hey folks-

NVDA 0.00%↑ simply crushed it today with ER.

18 BILLION in revenue.

$4.02 in profit per share.

Expectation was to get $3.35 per share.

Simply stunning numbers.

Market reaction was not impressed though. Perhaps AI fever is waning or may be everyone is at the airport trying to beat the rush?

My take is that you have a lot of folks who were bullish here at 500 last ER and that is capping the attempt at rally.

Regardless, for tomorrow, my level remains at 4552.

This was an impressive level with the folks trying to take it all day and falling each and every time.

Probably I counted 6 failed attempts.

Scenario 1: I expect the bears to push pressure on towards 4515, if we are able to remain offered below 4552. NQ side this could come in around 15900.

Scenario 2: The bulls will need some help from NVDA reclaiming 500 and the emini above 4552 to reclaim recent highs around 4580.

No plan for tomorrow as the NYSE remains closed on Thursday. Have a great and happy thanksgiving. Be back Sunday night. Black Friday offer is still open to you if you have not yet subscribed below. This is the biggest sale ever for this publication.

~ Tic

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