All eyes on NVDA and earnings - they matter (a lot)
More important than a beat or miss is the price action around NVDA earnings
-bulls have a long ways to go to reclaim all-time highs
-bears have pressured NVDA enough that it seems like major support could break
FOMC Minutes today
-CME Fed Watch Tool is literally 50/50 on the December rate cut outlook
-if the FED doesn't cut in December, they will likely be cutting in early 2026
US Employment Data
-Remember Non-Farm Payroll? Well it's back with a Thursday release
-58k forecasted, 4.3% unemployment forecasted
-let's see how the release is taken by the markets
Although it feels like "the brink" in many ways, my thoughts as expressed in the video
are I believe the market can win both ways and just provide wild volatility but no real direction or follow through. Negative sentiment is truly awful and it rarely rewards the bears with a sustainable down move. Seasonality is expected but perhaps bulls have grown too complacent. Therefore, the market is comfortable making everybody uncomfortable
More to come later this week when the smoke clears or the dust settles
Thanks for watching!!!
CP
More important than a beat or miss is the price action around NVDA earnings
-bulls have a long ways to go to reclaim all-time highs
-bears have pressured NVDA enough that it seems like major support could break
FOMC Minutes today
-CME Fed Watch Tool is literally 50/50 on the December rate cut outlook
-if the FED doesn't cut in December, they will likely be cutting in early 2026
US Employment Data
-Remember Non-Farm Payroll? Well it's back with a Thursday release
-58k forecasted, 4.3% unemployment forecasted
-let's see how the release is taken by the markets
Although it feels like "the brink" in many ways, my thoughts as expressed in the video
are I believe the market can win both ways and just provide wild volatility but no real direction or follow through. Negative sentiment is truly awful and it rarely rewards the bears with a sustainable down move. Seasonality is expected but perhaps bulls have grown too complacent. Therefore, the market is comfortable making everybody uncomfortable
More to come later this week when the smoke clears or the dust settles
Thanks for watching!!!
CP
Chris Pulver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chris Pulver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.