NVIDA is Setting Up To SURGE

05.03.24: Mary Ellen McGonagle reviews how the markets closed this week, and what a new uptrend in the S&P500 would look like. Nvidia has been sluggish, but the charts are turning bullish, so keep your eye out for a surge! She also reviews the sector rotation that's taking place amid lower interest rates, and shares bullish setups in stocks that are due to report their earnings next week.

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00:00 - Intro and Welcome
00:39 - Headline News: Fed Meeting, Interest rates
01:32 - S&P 500 ($SPX), Nasdaq Composite ($COMPQ)
04:02 - Nasdaq Above 50-Day SMA ($NAA50)
04:49 - Discretionary (XLY), Technology (XLK), Energy (XLE)
07:17 - Biotech ETF (IBB), Russell 2000 ETF (IWM)
09:15 - Brent Crude ($BRENT), 10-Year Yield ($TNX)
10:11 - iShares Semiconductor ETF (SOXX), VanEck Semiconductor ETF (SMH)
10:54 - NVIDIA (NVDA) LOOKS BULLISH!
12:03 - Volatility ($VIX)
12:34 - Apple (AAPL), Tesla (TSLA), Alphabet (GOOGL)
14:37 - Reversals: BorgWarner (BWA), Regeneron (REGN), Deckers (DECK)
16:32 - Base Breakouts: Leidos Holdings (LDOS), Garmin (GRMN)
18:14 - Earnings Reversals: Jacobs Solutions (J), Builders FirstSource(BLDR)
19:20 - Fidelity National Information (FIS), Affirm Holdings (AFRM),
20:20 - Disney (DIS), Palantir (PLTR)
21:11 - Have a FANTASTIC weekend!

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[StockChartsTV]

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

[mitchellgertz]

My first time. It’s nice to see someone who speaks clearly and deliberately, is well organized in their presentation, and has uncluttered charts, not to mention supporting your points very well!

[JeroTrades]

Great collection. Next week will be crucial...again...cannot discount a stronger correction incoming at least for those stocks with weaker fundamentals and in risk on sectors. Trapped buyers at the top and unconvinced buyers waiting for lower prices and rewarding upside.

[katiemacht]

Ty Mary Ellen love these weekly recaps

[ocur]

Awesome analysis you earned yourself a new subscriber thank you.

[ioannislazaridis]

Clear and precise wording helps everyone to understand and memorize the, higly informative, content of the presentation. Congratulations and thank you for the consistency of your quality presentation.

[marcojuarez]

Absolutely magnificent info. Thanks for posting.
Have a wonderful weekend..

[jvlyenlimon]

Thank you Ma'am, I just discovered your channel! Subscribed.

[crankybuzzard]

REALLY enjoyed your video.... Nice work. Thank you so much.

[tedlofland]

NVDA 1000 eventually big fat round number.

[pitch]

thanks like when a stock I buy BWA gets a Pro's recommendation

[Sammy]

Question: Not sure I agree with your thesis re: NVDA. IMO, NVDA may go up for a day, but then it will quickly come down and close the gap. Certainly not a SURGE. How would you interpret the tiny candle after the upside gap?

[natalee]

Would you address what happened with $BLDR and $J on Tuesday? You had pointed to their charts as being constructive, yet when they announced their earnings they literally fell out of bed. Was this a pump and dump? Was there anything on the chart that would have warned us? Are the normal rules no longer applying? Thanks

[garyagnello]

how come some of the candles are not color filled ?

[unaldurmaz]

Good video but nothing goes up forever. Its going to be the opposite. A NVDA chip cost over 500 thousand. No company would afford it as it's late in cycle unless you're META they already bought lots

[austinbar]

AI stocks will dominate 2024 but not just AI. NVIDIA, Alphabet, Tesla are at a better placed to maintain long term growth potential, and provide a platform for other AI companies. I have made more than 200% ROI from NVIDIA with the help of my stocks advisor. With the help of my advisor I agree that stock Like Twoo would also go higher in the next year and a bit high this year with the announcement of launch of its video game.