Could NVDA Really Fall To $50?!

Tom Bowley, EarningsBeats Chief Market Strategist, reviews the S&P 500 and other major indices. Tom walks you through the XLK, XLF, and XLE sector charts. He then wraps up the show with a candid analysis of Nvidia #nvda , highlighting reasons why the stock could be cut in half from here.

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00:00 - Welcome!
01:36 - Major Indices and Sectors Overview
03:32 - Energy Sector (XLE)
05:09 - Dow Jones ($INDU)
08:28 - Nasdaq 100 ($NDX), Russell 2000 (IWM)
10:02 - S&P 500 (SPX) Monthly, Weekly, Daily, Hourly Charts
15:56 - Volatility Index ($VIX)
16:38 - Seasonality Financial Sector (XLF)
18:38 - Technology Sector (XLK)
19:57 - Financial Sector (XLF)
20:27 - Dow US Semiconductor Index ($DJUSSC)
21:18 - Growth vs.Value (IWF:IWD), QQQ vs SPY
23:05 - Discretionary vs. Staples (XLY:XLP)
23:44 - NVIDIA (NVDA) Monthly, Weekly, Daily
27:24 - Conclusion

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[tanleproe]

Thank you, Tom. The earnings season will kick off in the last week of next month, October. That would be the last dip of the year. GL

[jmr]

Hearing the news about NVDA, I'm am pleased as punch I don't own it right now. I've traded it a few times over the past year but I got out when Dave did a video about the sectors turning. I've been in and out of retail and specialty stocks now. I really like these videos. It feels like I have a crystal ball in front of me and I can see into the future. Thanks, Tom. :)

[HesAPooka]

Hi Tom,

Love your work and watch you regularly. A couple of weeks ago you said the low of August lows would be as low as we go. Do you now think we'll go lower or just retest those lows?

[GoogleHerouxMA]

Next year, high likelihood, this year, $75 would be surprising, low probability still. Both next year, sounds right to me. $84-$86 in October, maybe, will likely run for rates cut before going there.

[pmks]

Hey Tom, do you see any difference using the PPO or PMO?

[davidcook]

Ok, gonna sell my 15, 000 shares. I’m out if Tom thinks it goes that low.

[wread]

It could technically but no one can predict the future so we will have to wait and see sir

[sojournern]

Yes, corrections happen. You have to expect them and they are buying opportunities.

[keyboardwarrior]

at $50 for Nvda, forward PE would be 17ish. No chance. Maybe 75.

[jimrobertson]

Well, I thought if Tom thinks NVDA can go to at least the 70 area, I will sell. So I did. So far that's been a huge mistake.

[pezzodipunto]

Can always rely on Tom to provide 'the grand perspective', not the eternal bear (eternal bears are dumb), but the eternal analyst. Be married to the one you love, not your stocks.

[rossjackson]

Doubtful thesis. Still has 80% of chip business, a very wide moat.

[robertsimpson]

People are so in love with NVDA they reserved a bar to have a crowd watch the earnings call - LMAO. I have people telling me that its an easy quadruple from here. Sheesh isn't it already valued at more the several european country markets added together. All the HYPE scalers are panic buying nvda chips and mentioning AI hugely on their earnings call to woooo customers and investors that they're in on the latest. I believe after this super boom that NVDA has enjoyed there will be a giant sucking sound on the other side. NVDA has gone thru this before with gaming chips and bitcoin minors, I don't think AI will be any different.

[nitzans.]

It broke up weekly&monthly bullish flag, BS

[luckyme]

I could go to 50 then again it could go to 500

[davidscher]

Easily. It has a strong history of these types of drawdowns.

[rrewerts]

I wish that I could block Tom Bowles without having to block stock charts tv.