Should You Buy The Dip In NVDA?

08.30.24: Mary Ellen McGonagle, #memedge Report, reviews the broader markets, including #nasdaq weakness, and the equal-weighted S&P 500. She examines #nvda and shares how you should trade the stock depending on your investment horizon. Last up, top stocks in leadership areas were revealed.

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00:00 - Welcome
00:27 - Headline News: Consumer Confidence, Q2 GDP, Core PCE
02:00 - S&P 500 ($SPX), Eql, Weight S&P ($SPXEW), Nasdaq ($COMPQ)
04:19 - S&P Sectors: XLF, XLK, XLY
06:35 - ETFs: IHI, KRE, XHB, XRT, SOXX
10:49 - NVIDIA (NVDA), Daily and Weekly
14:15 - Netflix (NFLX), Amazon (AMZN), Apple (AAPL)
15:53 - TECH: Intel (INTC), Marvell Technology (MRVL)
17:19 - FINANCIALS: EZCORP (EZPW), Affirm Holdings (AFRM), Allstate (ALL)
18:37 - HEALTHCARE: Cardinal Health (CAH), Bristol Meyers (BMY), Resmed (RMD)
20:50 - INDUSTRIALS: Norfolk Southern (NSC), Construction Partners (ROAD), Emcor Group (EME)
21:49 - Green Brick Partners (GRBK), Costco (COST), Sharkninja (SN)

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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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🤑 Get the Full Scoop With a Trial Offer of Mary Ellen's Weekly MEM Edge Report Here:
👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

[arkadiynosov]

I always find something new and useful in your lessons. Thanks for sharing your experience!

[eminalopatyuk]

It is a very clean, objective and intelligent look at the market. Thank you, Mary.

[shawnb]

Please consider reviewing GDX and Tlt via your secondary Etfs in conjunction with Soxx, Xhb etc

[matthewmolina]

I was apprehensive at first. But then, I enjoyed your program very much. I found listening to you was very informative, with your detailed explanations. I will be looking forward to your next program. Thank you, Mary Ellen McGonagle.

[auridiamondiferous]

it would be useful to use PPO instead of MACD, basically same but percentage based. when looking at LONG term charts of massively rising stock, like NVDA, then the MACD values of years ago seem vert flat, since the absolute values of stock were so small, compared to recent. PPO fixes that. try it out for long term NVDA

[jovianmole]

Mary Ellen- do you factor in seasonality in your investing armamentarium? Sept is historically so bad. Thanks for your channel. I consider you one of my go to's for market direction.

[Earwaxfire]

Since volatility is low, and September and October are typically down and volatile, do you think that buying a little UVIX might be a good bet? UVIX is very low right now. Are there similar ideas?

[mindytran]

I have tried to watch the videos for last 6 weeks. As usual, I never got the answer for questions on the videos. I also tried to understand the purpose of the videos. You talk about happened of the market last week, how that going to help us to buy stock next week? I'm investor, not a date trade.
I'm very confused

[VitaliySuvorov-fl]

Dear try this 30 sec candles with 30 sec time frame CCI 7 CCI 13 Moving average 50 ema MACD as default if candles upper on 50 ema and cci both and macd too indicate up to make a trade up if it was down so make trade down it's supper owsom

[Adamsfi]

I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 64k.

[Martin-cbgk]

I’m waiting for further dip before investing, don’t want to catch a falling knife

[peterl]

The daily charts imply that we are retesting $90-95 area for NVDA.

[brandonc]

If interest rates are priced in already then there is no more hopium for the up side.

[magdytawfilis]

When do you think the technology sector will come back in favor?

[bostonfrank]

As of 8/30, QQQ is 5.6% below it's high on 7/10

[fedorryabov]

Hi you really inspire me and a lot of people. I just literally start studying trading, but in bitcoin. Please teach us newbies some basic stragies on a 1minute timeframe trading. You're our HERO!

[bostonfrank]

AAPL new products will not stop the stock from declining in the recession & bear market

[Etha-ky]

Ахахах. Эта тактика вообще огонь) уже проверил ее, реально работает!

[bostonfrank]

NVDA is lower now than it was 2 months ago