Nvidia Overpowers Inflation Concerns for Stockmarket? | Elliott Wave S&P500 VIX Technical Analysis
Rob Roy's Elliott Wave analysis for stock and option traders shows the S&P pushing on to new Elliot Wave 3 highs. Is this a function of slightly more tame inflation expectations, or is Nvidia (NVDA) overpowering other concerns? The QQQs are showing an Elliott Wave 5 while DIA and SPY are still labelled in Wave 3. Does this mean we're due to see a correction in tech stocks?
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:: Sections in this Video ::
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00:00 - Introduction
00:42 - Headlines
01:18 - SPY
02:38 - NVDA
04:15 - DX-SpotV
05:46 - VIX
07:00 - Dow Jones Industrial Avrg
07:46 - QQQ
08:43 - Russel 2000
11:38 - ARM
13:06 - BN
14:15 - iShares 20 Pls Year Treasury Bond ETF
15:33 - CRWD
16:31 - USO
17:40 - BTC
18:55 - COIN
19:33 - iShares MSCI India Index ETF
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In the KZread video titled "Nvidia Overpowers Inflation Concerns for Stockmarket? | Elliott Wave S&P500 VIX Technical Analysis," Rob Roy provides a market update focusing on Nvidia's impact on the S&P 500 and other indices. Despite concerns over inflation and economic data, the market experienced a notable uptick, particularly driven by Nvidia's performance. Roy analyzes Nvidia's stock movement, noting its significant rise despite initial expectations. He discusses the implications of Nvidia's earnings report and CEO's optimistic outlook on the company's future. Additionally, Roy examines the dollar's impact on global earnings and discusses the VIX's behavior, suggesting potential volatility ahead. He reviews charts of major indices like the S&P 500, Dow, and Nasdaq (QES), highlighting key levels and potential market directions. Roy also invites viewers to engage in discussions and enter a subscription giveaway for access to advanced trading strategies. He encourages participation in Trade Finder sessions, where he covers market analysis and trade ideas, including insights on the Australian market. Throughout the video, Roy combines technical analysis with market commentary to provide insights into current market trends and potential trading opportunities.
Пікірлер: 78
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3 ай бұрын
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@sptrsttradr4918
3 ай бұрын
Can I ask what level subscription you have? Thanks
@user-qn6fw8fg4b
3 ай бұрын
Elliott wave your money goodbye
@fransakkermans4819
3 ай бұрын
Level three
Thanks Rob, In the charts that have projected 4 and 5 targets, if it ignores the (4) correction and goes directly to the 5 target, would you then expect it to correct back to the 4 target or reset?
Keep up the great work!! Love your Tuesday and Friday night videos!
Appreciate the timestamps & coverage announcement in the beginning of your videos!
always a great presentation Rob Roy,,,i always listen for your sentiment and im going to call it,,Guarded and wary
Thanks Rob! I appreciate you covering TLT and if possible, I'd love to see you cover SMH when you can. You are the best on KZread!
@gordonburger419
3 ай бұрын
Agree, I think the SMH should be a staple on the show. Maybe you can cover ADI? Thanks
Good show. It was interesting week so far. I like what Rob said about the VIX Btw: Thank you Rob for highlighting $TLT
Thanks Rob, another great overview !!
Thank you for the great videos. They always help me see a bigger picture.
I have 522 SPY and 448 QQQ as targets before we see a pullback, but let's see where we land. Also for the QQQs, I have the Wave 4 as being a complex (rising) pattern
I agree on CRWD. Great report!!
Great analysis, Rob.
Great video and information
Rob....do you ever find the Renko charts to be useful? ......also SLB has a great looking gap fill if there is an oil bounce 💰
Is their a point on the VIX that gives you indicator on entering a call or put option?
@indy1869
3 ай бұрын
* "there". I see so many such instances everyday. Another very common one is "your" and "you're". Seriously, you have only one language. We are fluent in three different languages. I must say, american education really sucks.
@willaerley7140
3 ай бұрын
Sometimes the speech recognition or auto-correct makes the mistake. I’m not going to belittle you for not capitalizing American.
Love the market!
thank you for your technical analysis. I I'm very interested in the software I think that's a great way to learn. Gives you a Headstart would also like to get a little more involved with what you have going on.
When you say fireworks next week, what do you mean?
Thank you for the opportunity to win Level 3!
Ideal scenario for me is market goes vertical to 520 then tanks to 465. NVDA another gap up into lala land and go go go toward 910 and I slam it short. I have a starter short position only right now in case it doesn't do the deal and already exhausted the buyers.
@willaerley7140
3 ай бұрын
Shorting NVDA is tough. Good luck!
Wonder how much ARM softbank will be selling.
Love your analyses. Could I get your thoughts on SMCI and GLD?
@racerx2580
3 ай бұрын
Stay away from SMCI. It's a pump and dump stock for richies. No reason to go from 995 to 830 the next day. Greedy weak assholes in that stock.
Hey Rob do you remember if the meltup between January 2020 and March 2020 was a wave 3 or 5? I feel like we are in a similar boat
Wave 4s get ugly dont they?. Good stuff Rob.
Thanks for your analysis of the market and yes I do like Elliot Wave!
Could the S&P re-label to a 5?
Good atuff
When is this damn wave 4 going to start lol
@willaerley7140
3 ай бұрын
Yeah, I have a lot of cash on the sidelines too. At least money markets have a decent rate.
Hard to see an IWM upside breakout with expectation of rates staying high for longer, but stranger things have happened.
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Unusual options from najarians show tlt calls at the june 108 strike being bought in massive quantities 20 thousand contracts for 1.77 each
I hope I win!
Buy signal spotted
you forgot AMD...you promised
Nvidia is way overvalued momentum .... can only take you so far... i think the fed should rise .25 one nore time. Jaja no but really nvidia is like cisco back in the 2006s
@willaerley7140
3 ай бұрын
NVDA earnings have been great and justify the run. It’s a boom and bust cycle, though. Most tech companies are buying a lot more chips than they need. It’s kind of an arms race as they don’t want their competitors to get ahead.
You guys draw bunch of lines and practically never materialize, what’s the point???
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 12 Bitcoin from day trading with Coach Brooks Harrison insights and charts his been one step ahead of other analysis….
@enltpaula3624
2 ай бұрын
Brooks is active by TE L E G R AM......
Elliot wave your money goodbye