Hey yo, what’s up everybody? What’s going on folks? Welcome to the true trading live stream. Welcome to Nvidia earnings. We are here with the gang for the most highly anticipated earnings release of the season. Obviously, the most important stock to the AI trade, the largest stock in the S&P, Nvidia is set to release their earnings in just a few short minutes. Glad to have have you guys all with me here today. I will be covering those earnings with you live. We’ll go through the numbers. We’ll talk about the stock’s reaction and most importantly how we are going to trade either Nvidia itself tomorrow, maybe a sympathy play and one of the other semiconductors, maybe an SO XL ETF, or maybe just the overall market as a whole. We’re going to break down the action and talk about how we are going to be able to make money tomorrow. At the end of the day, that’s why we are all here. So, welcome. My name is Michael Edward Perinati. I go by Michael Edward. I’m the co-founder and head trader at True Trading Group. Thrilled to have you guys all with us here. This platform, True Trading Group, it exists to literally help you learn faster, trade smarter, and profit sooner. I want to first thank our partners. We’re very proud to be powered by the NASDAQ, Benzinga, OpenAI, Trading View, Databento, and of course, also Unusual Wales. True Training Group is not just a chat room with trade alerts and courses. Yes, we have those things. Yes, they’re fantastic. But this is a fintech platform that gives retail traders tools, resources, data, analytics that give them a distinct and clear advantage over other retail traders that do not have the same tools. Simple. Period. We are the recipient of the Benzinga Fintech Award for best AI analysis tool. This is a platform built on education, backed by experience, strategies proven through success, and tools that actually think around you, and is customized around you, the individual user. Okay, so we’ve been on an absolute tear inside of True Trading Group. Um, these last couple of weeks we have seen unbelievable performance statistics from our AI tools and our entire suite, our holy grail trade plan generator, our active trading mode trading assistant, our AI charting software. All of it is putting out unbelievable statistics. For one example, our holy grail trade plan generator that will actually give you entries and exits. We actually maybe just pull it up right now. Actually, we didn’t maybe for fun, we could just run one on Nvidia and just kind of see what it says. But basically guys, all you do, you select the ticker, you select the asset type, right? If you want to trade a stock, an option, a futures contract or a crypto, you select the asset type, you put in the ticker symbol, and then you put in your account size, how much money you want to risk on the trade, and then you’ll select what trading style do you want. You can do a scalp, a day trade, a swing trade, or a long-term hold. You click on analysis, you wait like 90 seconds, let a multi- aent system, an algorithm run through. It’s 80% deterministic means it’s rule based on an algorithm and 20% AI interpretation of certain data and you get a very detailed clear trading plan that comes back with entries, stop-loss, profit targets, confidence score, price action triggers on when to enter, what have price action for invalidation of the trade idea and so much more. this. Our members have generated close to 450,000 trading plans since we have released this tool into the TTG community and the accuracy win rate on those those trading plans thus far sits right around 72%. And I can sit here and tell you with confidence that these last couple of weeks that number has been even higher as a lot of our members are hitting some milestones. Type the number one in chat right now. Members of True Trading Group, if you are making money and you are becoming better traders because of this platform, because of the tools that you guys have access to, if you guys are making money with these tools, I want you to go ahead and type the number one in chat right now while we wait for Invidia Earnings, which are just moments away. We are going to be sitting here covering this with you guys live. But if you are not a member of True Trading Group, you should be paying very close attention to how many people you see inside of the chat that are typing the number one, that are telling you that they’re making money. If they can do this, then so can you. Plain and simple. If they can do this, guys, then so can you. All right. All right. Here we go. Looks like we’re getting out here with Nvidia earnings. We’re starting to move around here. The stock’s starting to whip around a bit. So, there’s the trading plan result. And I’ll cover the earnings as soon as they come across the wire. Here they are, guys. Nvidia earnings. All right, let’s switch back on over to the charts, guys. Nvidia earnings. Um, what a surprise. It is a B 81.62 billion dollar. The expectation was 79.19 billion. They see the second quarter revenue of 89.2 to 92.8 billion is their expected revenue for the next quarter. Analysts were only expecting 87.4 billion. So that is a top uh and bottom line beat. That’s a strong guidance raise there as well uh for Nvidia. I mean, was anybody actually expecting bad earnings from Nvidia? But that’s not really it’s not really about what the earnings are really. It’s only going to be more important is going to be the stock’s reaction to those earnings. Its first quarter adjusted gross margin is actually 75%. The last couple of times that you have had um the last couple of times that Nvidia has reported earnings, it’s actually gone down and they’ve beat earnings every single time. And the stock has gone down like five out of the next seven um five out of like the next seven uh excuse me, five out of their last seven reports, stocks actually gone down even though they’ve had phenomenal uh even though they’ve had phenomenal earnings. Um let’s see. Yeah, earnings per share came in at $185. The expectation was $1.76. And like I said, second quarter revenue 89.2 to 92.8 billion when analysts were only expecting 87.36.
I’m giving you guys the rest of these numbers as they’re coming through.
They’re also uh here they’re also reporting they’re adding another $80 billion to their share buyback program
and they’re moving to a new reporting framework with two different platforms. That’ll be interesting to see what that’s going to look like with this new reporting platform with two different uh let me see seeing if I get any other details here that could be yeah they added $80 billion. This is an amazing earnings report. It’s a fantastic earnings report. Stock’s still trading lower, but this is an amazing earnings report and stock is still trading to the downside. So, this is very similar to previous earnings that Nvidia has had. Every time that Nvidia reports earnings, the earnings are amazing. They’re fantastic and then you get a pullback on the stock anyway. And what I think is really the reason behind it is that almost every single time that you’ve had these earnings reports, you get these situations where the stock rallies into the earnings into the earnings report itself. You know, when you take a look, you take a look at what Nvidia did leading up to earnings. I mean, you got to remember this is a stock that came from 165 at that March bottom and just two just a couple of weeks ago was sitting at in the 190s and now it pushes all the way up to 235. Um, no, the stock’s really not expensive. Like someone just says, the stock’s still really expensive. It really wasn’t ever really expensive. The multiple on Nvidia is really not that crazy. I think it’s like I have to check. I haven’t looked at it in the last couple of days, but it’s probably somewhere in the high 20s. It’s really not that expensive considering the earnings power that this company is generating. Um, so there’s other stocks out there that are far more expensive than Nvidia. Nvidia is really not is really not expensive on a on a PE, you know, sense or on on an earnings multiple. It’s really not that expensive. Um, stock starting to bounce back just a little bit after this, but like I said, this is a fantastic earnings report. Um, there’s really not much to to dislike about this.
This is also a record quarter for them. That 81.6 billion is a record for them and they’re expecting next quarter to be another record. So you’re going from, like I said, 80, let’s see, so you’re going from
81.62 billion and they’re expecting their next quarter to be somewhere around 90 billion. So that’s a pretty significant jump from one quarter to the next and that’ll put them at another brand new record. So you’re really not getting much of a slowdown on that growth. That growth continues to be strong with Nvidia and them at they’re actually boosting their quarterly cash dividend. That’s the reason for the bounce right now. So that initial selloff, they’re actually boosting their quarterly cash dividend to 25 cents a share from 1 cent a share. That’s actually really significant. Whoa. So they’re boosting their quarterly cash dividend, guys, to 25 cents a share, which is up from 1 cent a share. And they’re adding 80 billion to that share buyback. This is as good of an earnings report as you could possibly ask for. It’s unbelievable. That is this is unbelievable. Honest, I don’t know. I’ve never seen a company before ever that is going to announce $90 billion in in expected revenue for the next quarter. They increase their they increase their uh dividend by thousands of percent and they add $80 billion to their share buyback program. I’ve never seen I’ve never seen that before. Okay. I’ve never seen that before. But that is that’s something that’s pretty impressive because usually you don’t see that. Usually it’s like especially with a company like Nvidia with all the investments that they’re doing. Yes, they have a ridiculous amount of their cash of cash flow, but usually when you see such a high share buyback program, usually the company will decide to put that money towards a share buyback program or a dividend. Usually you don’t necessarily see both. So for you to see that um Nvidia is just really continuing to give money back to their shareholders um through share buybacks which makes it easier for the share price to move higher and removes the amount of shares that are outstanding there or remove shares there from the float makes the stock easier to move higher and then also increasing that dividend. That’s a fantastic announcement there. I mean I have a large position in Nvidia. So I’m very happy about that. Right. Nvidia is the one of my largest positions along with the Mac 7, Apple, Alphabet, Amazon, right? Microsoft, these are some of my my largest positions and also Nvidia. Um, so this is really great news. It’s really great earnings report. Anyone that’s sitting on uh anyone that’s sitting on calls or puts is having a really hard time right now. they’re not happy about it because the implied move for this earnings release was actually higher than normal. Um, so implied volatility essentially is when you’re the the option market is pricing in a large move one way or the other. It’s not necessarily pricing in the move itself, like the direction of the move, but it is pricing in the size of the move. And the implied volatility was quite high, higher than than it has been in previous earnings releases for Nvidia. So, if you just bought a straight out call option or you bought a straight out put option, the IV crush, okay, the IV crush and the time decay because you know, you probably bought, you know, this week’s expiration. So, between the time decay and the IV crush that you’re going to experience tomorrow, you can have a call option, somebody else can have a put option. You’re both going to lose money if the stock does not make a significant move during the conference call. Now, it is entirely possible you can see a very large move during the conference call when Jensen Wong gets on and he starts speaking to analysts, starts answering questions and he goes through his statement. That is entirely possible. Okay? I have no idea what he is going to say. I have no idea what the stock’s reaction to that is going to be. I don’t try to predict things. I’m not a fortune teller. I’m not psychic. I can’t predict the future. My job as a trader is to identify high probability setups in the market, put ourselves on the right side of that probability, and make money consistently over time. That’s the deal. That’s what being a good trader is all about. It’s not about predicting the future. But there is not a single thing that you can dislike about this earnings report. Nothing. Top and bottom line beat aggressive guidance on the following corner. That quarter that’s above expectations increase their dividend and increase their share buyback program. There’s nothing else that they could announce, okay, that investors would want to would want to look for. So, um, makes some makes some sense here that that initial sell-off that we experienced is starting to get bought back up and the stock is starting to move back to the upside sitting up here at 225. Let’s go through some of these levels here. Let’s talk about some some areas of support and resistance. I find it quite interesting. Not really, but that’s just how these levels work. When you look at where we just bottomed on that initial pullback, right at that prior all-time high, that prior all-time high is 216 and a half. And you can just see where we just bottomed out in the after hours session, 216 and a half. So, you pulled right back down into prior high. It became support. Now, you’re back to the upside. I think that this is clear to give you a movement here to the upside going into tomorrow. Granted, if there’s nothing negative that is said on the conference call that investors don’t like or that they don’t want to hear, I find that hard to believe because Jensen Wong is has historically been incredibly optimistic and is incredibly um energetic and excited and he uses superlatives and really, you know, is not has not been one to be conservative in his estimates uh uh and his calls for where he thinks the total addressable market is going and where he sees the growth rate and the revenue and the opportunity. He’s been one that really likes to um I don’t want to say exaggerate because that would insinuate that the the numbers aren’t aren’t going to be going to be reached, but he’s very aggressive with the calls and the numbers that he puts out and the things that he says. So, I find it hard to believe he’s going to say something on the conference call that is going to just completely turn around investor sentiment. As it stands right now, I think this gives clean runway to look for continued longs in the semiconductor trade. We actually caught a really nice short position, not on Nvidia, but we had a really great short on so XL. Um, other members were on Micron and AMD that we actually closed out of yesterday morning. So, we actually had fin taken all our profits off the table on that trade. We came into the week on Monday. We got into the position short on Monday. We got nice follow-through there into Tuesday and we caught a really nice short trade there um on either SOXL or Micron or AMD. and we covered out of those positions yesterday in anticipation of Nvidia’s earnings and kind of wait and see what happens. Now earnings are out. They’re fantastic which you know most people were anticipating and we get a really nice move here to the upside back up to 226. We had some resistance here at 225. It’s not a major level. It’s a little bit it’s a minor level right around 224 and a half 225. So if you can get above that by tomorrow morning and then the way that I like to trade earnings is I don’t like to just look at what’s happening right now. What I like to do when I’m going to trade um earnings, I don’t get into a position before the earnings release. I will always get myself out of positions prior to earnings release. I will let the earnings come out and then I will get back into the trade the next day if a setup warrants it. So, I’m not going to look at what’s happening in Nvidia right now and say, “Okay, I’m going to get into this trade. I’m going to go long. I’m going to go long right now.” I’m not going to do any of that. Tomorrow morning, I want to see where is the stock trading after the earnings release and after the conference call. That is what is really going to give you direction on where this stock is headed rather than you reacting to the knee-jerk movements right after the earnings report. Right? But as we look at the charts, you have a support level 216 and a half. If 216 and a half breaks, I think you would have to get underneath 214 and a half, 215 in order for me to feel like that support level has broken. If that happens, then I would say you look for Nvidia to give you a deeper pullback. But as long as the stock is above that level, I think you continue to just wait, be patient, look for long setups um going into the end of the week, okay? But we’ll see where we where we can go. heavier resistance is up at 230 and then obviously the all-time high which is north of 235. Okay, so those are going to be your resistance levels. Like I said, we’ll see what happens with regards to the conference call. Let’s go back. This is a daily chart. So, let’s go. I want to go to the daily charts just to show you guys the prior all-time high level and how it just stuck there. But, let’s go to the let’s go back to the three minute and really kind of zoom in here on some of the price action following the release. Like I said, initial drop right into key support. he then snapped back off of it and now you got a little bit of a pullback right back into the close. So, the stock is actually flat right now. Uh it was up 1% on the day, but it is flat right now after hours following the earnings. And that’s why you will never see me really suggest anybody buys calls or buys puts going into an earnings release. I think you’re flipping a coin when you do that. I really do. I think you’re flipping a coin. And the odds are your odds are actually worse than 5050. Because a stock, if you, let’s say, bought a put option. If the stock goes up, you lose. If the stock goes sideways, you lose. If the stock goes down a little bit, you also lose. The stock goes down a lot, then you make money. So, it’s not even like you’re going after 50/50 odds when you just take a guess and you say, “Oh, I’m going to buy puts. I’m going to buy calls.” when a company’s about to report earnings. That’s not really what trade. That’s you guessing. That’s you gambling. And if you wanted to guess, if you wanted to gamble, then you can go to Vegas. You can put your money on red or black. That’s not what we do here. That’s not what I do. That’s not what we teach our 11,000 members from 114 different countries. That’s not what our entire suite of AI trading tools trains, uses, engages with, and provides with its guidance and its output to all of our members. What we do here is we focus on probability. We focus on identifying setups that give us 70 to 75% likelihood of a particular outcome and we will put ourselves in those positions time and time again. And with the help of the tools that we now have and the the accuracy and the statistics of those tools, it’s never been easier before for us. Members of True Trading Ubon are having some of their are reaching milestones are having some of the best trading days, weeks, months that they’ve ever had. And as much as I would love to tell you that I am the reason for that, I am not. I’m not the world’s greatest trader. I’m a damn good one. I’ve been doing this for 19 and a half years. I’ve received a trader of the year award at the hedge fund I worked at. My first job right out of college. Yes, I know what I’m doing. I’m a I’m a damn good trader, but I’m not the world’s greatest. I’m not the reason why all these people are having success. They’re having success because our members finally have access to tools and resources that give them a distinct advantage. Members of True Trading Group, just yes or no. Do you feel that the tools you have access to on our platform give you a distinct advantage over other retail traders that don’t have access to them? This is a real serious, very simple question. just yes or no. Do you feel that the tools you have access to give you a distinct advantage over other retail traders that don’t? Our holy grail trade plan uh generator, our active trader mode trading assistant, our AI charting software. Do you feel these things give you an edge? If you are not a member, pay attention to the people that are responding. These are members of true trading group. These are your peers. The reason why professional traders, okay, have have an edge over retail is because they have Bloomberg terminals that has tools and resources and data and analytics that you don’t have access to. But those terminals cost $30,000 a year, which is why most retail traders don’t have them. True Trading Group is not $30,000 a year, but True Trading Group has tools and resources that is helping its members to make money. It’s not just helping its members to get better. It’s helping its members to succeed. And by succeed, I literally mean make money. And in case you missed it before, I’ll ask one more time. Members, type the number one in chat. If you are making money, if you guys are becoming better traders because of True Trading Group, because of these tools, because of this platform, I want you to type the number one in chat right now. And it’ll be the last time I ask you a question. I promise. Type the number one. If you guys are making money, just for the people that are just tuning in now, we are covering Nvidia’s earnings here live. Look at all these people typing the number one.
There is absolutely no reason why these people are making money and you can’t. They’re not smarter than you. They’re not luckier than you. And they sure as hell don’t have more time than you because 82% of our members have a full-time job. I do not expect you. Fibonacci biggest P&L month of my entire career thanks to True Training Group and the absolute monster that has created with Mari which is our AI persona and the holy grail. Yes. TTG gives you an edge. Don’t cut yourself, says my man James. Denise says 100% it gives her an edge. That is what this is all about. Every time you place a trade, there is somebody else on the other side of that trade. What it’s going to come down to is who’s better prepared, who’s better equipped. It’s like taking a knife to a gunfight. If all you’re doing is opening up your Robin Hood account and seeing what people are talking about on Reddit or Twitter, you stand no chance because the other traders that are on the other side of your trade have tools, have resources, have data, have analytics that are drastically improving their statistics, their consistency, and their profitability. You’re doing yourself a massive disservice if you are not arming yourself with the right weaponry to go to battle day in and day out. That is the difference that this platform provides. I’m curious how many people are on this live stream are not members. Can you do me a favor real quick? Type TTG if you are not part of this community. Like I said, we have 11,000 members, 114 different countries, but I know there’s many people that are on this live that are not part of that group. I’d love to see who’s here that’s not part of the community. Type the letters TTG if you guys are not part of True Trading Group. Don’t be shy. I don’t bite. I promise. Don’t be shy. Just go ahead and type TTG if you are not part of this group while I take a sip of my iced cappuccino that my wife made me.
78 sound. What’s up? My boy Jimmy says this is a place to be. Been here for exactly 6 years. I would not stick around if it was not worth it. Thanks primarily to TTG. From May 2023 to May 2026, my portfolio has grown by 74%. My man Ron Mlette, great job. Great job. All right, we got 78 sound. We got Cindy uh Cindy Richard. We got Cotton. We got Alex Pro. Nice. 78 Sound says I just found this. That’s fantastic. I love that. Welcome to the group, man. Make sure you subscribe to the channel. Subscribe to the channel. Make sure you turn on your notifications because I go live here. This way you’re notified every time I do go live. Listen, here’s what I’m going to do and then we’re going to get back to the charts. We’re going to talk about what we’re seeing in the overall markets. We’re going to talk about maybe what we’re what we’re seeing in the in the semiconductors because they’re quiet as heck right now. Nvidia’s right. I mean, Nvidia is now slightly red after the close. We got to see what happens here with the conference call. Bouga is in the house as well. Welcome. Listen, guys, those of you that are not members, I really don’t want you to just take what I’m saying and just believe it, right? Right? I’m I’m just a guy on a YouTube channel, right? I don’t expect you to believe the things that I say up here just because I have a cool painting behind me. I think the the best way I stand behind the things that I say here, obviously, and I feel very passionately about what it is that we’ve created. I’ve been trading for 19 and a half years, and I was really set in my ways. I was very apprehensive to integrate any type of AI tool into my trading because I had a system, it’s worked to me for so long, and if it ain’t broke, don’t try to fix it type of thing. So, I was really skeptical about it, but what my business partner Adam and our development team have been able to create and have been able to build here at True Training Group is something that I never thought I would was was not in the realm of possibility of what I thought these tools would actually be able to do. Our our active trader mode trading assistant can actually monitor your position for you while you’re while you’re working. Okay? It can monitor order flow because of a data partnership agreement we have with the NASDAQ for level level three data that can identify institutional order flow versus retail and can actually help you stay in a winning trade longer because it can tell you like hey no you might be getting nervous you might want to get out of a trade because you were just up and now it’s starting to pull back and you might want to close the position out but then hope but the active trader mode will tell you no all the order flow is still going in your favor all the indicators are still pointing to the upside the trade plan is still very much intact stick to the plan everything’s fine wait for your next profit target and you’ll stay in that trade, you’ll maximize those gains. One of the biggest mistakes that inexperienced traders make is they sell their winners too soon. How many of you have left money on the table before on one of your trades that you bailed on too early because you got nervous and you turned out you left hundreds if not thousands of dollars on the table? The reason why so many inexperienced traders are unsuccessful is because they lose more money when they’re wrong than they make when they’re right. And that’s a combination of either poor risk management and you just get crushed every time you’re wrong and you really just have no concept of how to control and manage your risk. So that it’s it’s a it’s a controllable loss when you are wrong. That’s a huge part of trading. But then many of you that’s the case not because your losses are so big, but because your wins are just too damn small. And that’s because you’re too nervous when you’re in a winning position. That active trader mode trading assistant will help you stay in those trades. It’s one of the most common things that are being reported by the thousands of members that we have that are using these tools. Then you have the holy grail trade plan generator that literally tells you this is the entry, this is the stop-loss, these are the profit targets with the confidence score and the accuracy on it on 450,000 trading plans is 72%.
These are these are statist and everything is fully tracked and verified. We have technical documentation on everything. This is not a trust me bro. We literally have software that tracks the performance on all of these things. Members that use our active trading assistant are seeing a 22% relative bump in performance and the and the holy grail trade plan generator has a 72% win rate. These are all verified and these are tracked literally every month. These are the reasons why everyone that you saw typing number one in chat are having success. That’s why I invite any person that’s on this live stream to try these tools out for yourself. Forget about a membership to True Trading Group. I’m not going to sit here and you want a membership. Yes, we have a membership. Yes, it’s an annual membership. Yes, you get a bunch of stuff with it. They hell with that. Just try the AI tools and get access to the entire platform for just 90 days. Make money with us first, then let’s talk about an annual membership. Sound fair? I won’t ask you to make a larger investment to join the community for a year without first being able to prove to you that we can make you money. That’s my commitment to any person that’s on this live stream that is not yet a member. So, I’m going to give you a little bit of a challenge. I’m going to tell you right now, join True Trading Group. Full unrestricted access. Use our tools. Join the community. Get the trade alerts for 90 days. I’ll charge you $1 a day. So, it’s 90 bucks. Make money with us. Let our platform, let our tools improve your trading statistics, improve your profitability, make you money, and then we’ll talk about an annual membership because at that point, then we’ve earned it. And you won’t want to go anywhere after you’ve used our tools, implemented them into your trading, and you’ve seen the results yourselves that all of our members are already seeing that you’ve seen type and comment inside of chat already. Once you see it for yourself and you start to see progress, you’re not going to go anywhere. And I know that. That’s why I’m willing to lose money on any single person that wants to sign up and try this for 90 days. Because, as you guys know, AI is usage based. So, I’m going to let you join and you’re going to be able to use our AI tools for 90 days. I’m going to charge you $1 a day. It’s gonna it’s going to cost us a lot more than $1 a day, but I am okay because I’m going to make that investment in you because I’m confident once you use them, you will make the investment in yourself as well by joining True Training Group for the annual membership. But I want you to use it first. Go to trueradinggroup.com990.
Again, that is truetradinggroup.com9090.
Everything on that page is going to be included for 90 days for 90 bucks. This is not a subscription. It will not automatically renew and charge you another $90. It is a onetime access to the platform for 90 days. One-time payment.
Make money with us. Then let’s become an you’ll become an annual member at that time. If you have any questions at all, you have any concerns, you want clarification on something, we’re an open book. Don’t hesitate. Text us 1888621-2127. Again, that is 18886212127.
The phone number is right at the bottom of your screen if you guys need to check it.
Okay, Smoked One says, “The tools are the best that you will find. Just like the mods, they are all killers. There you go. Like I said, guys, don’t take my word for it. You know, maybe, especially if you’re new to this YouTube channel, some of you maybe have been watching for years and I’ve kind of I’ve kind of earned your trust a little bit and you kind of you know who I am and and we’ve been through years of live streams and content and and market calls and everything else. But some of you are new and some of you may not know me from Adam and and that’s okay. I don’t you shouldn’t just believe someone because they have a YouTube channel. So seeing is believing. I want you to use the tools for yourselves. Truegroup.com990. We’ll get to know each other without the commitment. Okay? We’ll go out on our first date together. I’ll pay and then we’ll see if we got an act we got something going here. Okay. And Diego goes, “They’re killers in a good sense, though.” Yes, we are. We are killers in a good sense. I promise. Okay. So, there you guys go. Again, it’s trueing.com990. You guys can join us for 90 days for just 90 bucks. Use everything that we have. Use it all yourself. And let’s kick some ass tips. All right. All right. So, we are starting to, you know, Nvidia is starting to bounce back a bit. We are back to break even, right? We are back to break even.
Oh, we just got some SpaceX numbers. We got some SpaceX numbers.
First quarter revenue for SpaceX, 4.69 billion. Oh, Brian, that’s what I’m talking about, Brian. So, Brian says, “I’ve been following you for years and I finally joined this year and I’m happy I did.” Brian, I am very glad you did also, my friend. I’m very glad you joined this year also.
Been a pleasure to have you. I assume you are the username because there’s a username in chat who’s new. The username is literally just Brian. That’s it. B R I an A. I assume that that is you. because that’s a new username from just this year if I recall. I’m gonna go out on a limb and I’m gonna say that’s you. But it’s been uh glad to have you part of the group, man. Glad to have you guys part of the group. See, so anybody else if you guys are not a member, like I said, you get full unrestricted access for 90 days. Just go to trueradinggroup.com990.
All right. So, as Nvidia just kind of bounc around, chops around, really not much cooking there. Like I said, calls and puts, IV crush, time decay, they’re going to get rocked unless there’s a major move. Um, once the conference call gets underway, love to see what happens. That conference call doesn’t begin for a little while. Um, but like I said, we’ll see what happens going into tomorrow. This is a fantastic earnings report. There’s nothing um there’s nothing that you would have seen otherwise. I I mean there’s they beat on every metric. They raised their dividend. They increased their share buyback program. They beat on their guidance. They beat on their revenue. They raised their earnings per share guidance as well as their revenue guidance. There’s nothing else that you really could ask for. Still, the stock doesn’t move. This is now like the sixth time that you’ve had amazing earnings and the stock has not moved higher. Six out of the last eight earnings releases. We’ll see if Jensen Juan can get the stock moving or not. Let’s take things on over to the overall markets. Let’s go over to the spy. Let’s talk about um what we’re seeing here. Um, you know, if you caught my live stream on Sunday evening, I did a live with you guys on Sunday evening and I talked about, you know, looking for a pullback in the beginning of the week, um, where we would be able to take advantage of a bit of a pullback and us to expect kind of a red week. And we were able to really capitalize on that Monday and Tuesday. We got that pullback, as you guys can see, this nice little two-day decline. We covered out of those positions yesterday and uh because we wanted to get out before Nvidia’s earnings because we didn’t know what the earnings were going to be and what the impact on the market was going to be and you got a nice little bounce back. So the way that we took advantage of that was we actually shorted so okay so we shorted we took so for the short and this worked out really nicely for us. This nice decline the stock went from 175 all the way down to 135 and then we peeled those profits off down there into those 130s. Um was a really nice trade for us. The target for the trade was 135. Why 135? Because this is the area that used to be um this was area that used to be resistance and then it was support. So there’s a nice little structure here. There’s your previous top. The very next day you gapped above it. It became support. That creates a nice little area of structure with resistance and support touches earlier in the month. And then that gave us the target of 135. So as we fell from these 170s down into 135, we took that profit off the table. This was actually a holy grail uh trade plan side on so XL that we were able to cap capitalize on from earlier in the week. It was a 75% confidence score on the short. Um and it worked out incredibly well for us and we were able to get to all of our profit targets. Um and it really was just an absolute thing thing of beauty. And then we like I said we covered out of that position yesterday and then now you’re getting uh a nice little snapback today. And obviously we got these Nvidia earnings. We have resistance here on SO XL that sits at 175 which is going to be a key a key you know kind of a breaking point for us. You can see that’s the high of the day from the last three days. The high of the day today, high of the day on Monday, high of the day on Friday and then prior to that you can see previous uh pivot support from last week. So you have a nice little structure here in the high the mid to high 170s. If you’re able to gap above that, the only way you gap above that tomorrow, I think, is if Jensen Wong says something that gets Nvidia flying in the after hours and then you get sympathy plays and all the other semiconductors. Um, then then I think that’s possibly we can gap up tomorrow. If we do gap up tomorrow, then I would look for longs in the high 170s, any pull back into like 178, 177, I would take the long stop loss underneath 174 and look to push back up towards the highs of 190 on So XL. But that’s only if you gapped above that level tomorrow. So that will be one of my number one trade ideas for tomorrow. If we gap above 175, we’ll watch for the pullback into the mid70s. Mid to high 170s will be the entry and the stop loss would be probably around like 174 173. Then we look for a push back to fill the gap into the high 180s and eventually all-time high resistance at 190. Not taking that trade now. We’re going to have to wait and see what happens with Nvidia during the conference call. But if there is a gap up, that’s a trade we’re going to look at. I don’t think I would look for a short tomorrow even if it sets itself up and it plays out that that way uh after this successful test and hold of these 30s. I just feel like if if we move back to the downside tomorrow that there’s going to be less of a clear-cut setup and a little bit more of a digestion and a little bit more of a of a consolidation on so XL and it could get a little choppy in the 150s 160s. So, I’d rather not try to, you know, play around too much if the price action is going to be a bit choppy. Um, so we’ll have to just kind of play it by ear and see what happens tomorrow. Obviously, we’ll be, you know, live inside chat sharing our screen like we always do every day. We go over in the pre-market, the game plan, the watch list. We talk about what tickers we’re looking at. We go through the holy grail runs and try to and get some trade ideas for the day. We do all of those things um live with all of our members. The mods and I share our screens. It’s not just me. There’s seven other professional traders that are mods. We share our screen. We’re live during the day talking on the microphone, right? We are answering questions, providing market commentary and analysis from pre-market all the way through into the close. We’re not just there for like an hour and then we’re gone and you’re left to fend for yourself the rest of the day. The mods and I are with you every single day from pre-market all the way through into the close. Okay, so we’re starting to pull back a little bit right now, guys. So, right now, Nvidia is now back into the red. But again, I wouldn’t really look for shorts on Nvidia. Um, you know, just because the stock, and here’s one thing, and I’m not even talking about Nvidia. I’m just broadly speaking now. Just because the stock’s not a good long does not make it a good short. And just because the stock’s not a good short does not make it a good long. Sometimes the best trade for you to make is no trade at all.
Like I said, really good traders don’t predict the future. really good traders identify probability. You got to have the, you know, you got to have the the knowledge to identify the probability and then you got to have the patience to wait for it. Our holy grail trade planner takes care of a lot of that for you guys. Again, that’s an 80% deterministic. It’s an algorithm, meaning it’s rules-based. It’s not AI. And then 20% of it really is is AI interpretation. I learned a ton just listening to the mods talk and answering people’s questions. They really know their stuff and all have different trading styles. So, you really do get a lot of knowledge from them. Very true. Says smoked one. That’s another member member there of True Trading Group. All right. So, there you guys have it. You know, we just we have support here on Nvidia 216. Um, and we’ll we’ll see what happens during the conference call. At least now you guys have a good trade idea in your back pocket for tomorrow. if there is a move higher with Nvidia after hours. If not, um if Nvidia actually were to sell off, then I would look for the spy back into the low 730s tomorrow. I I think there’s a really nice level here. Um, what I think ends up happening is I think we would end up putting in a lower high and I think we would end up trading back back to the downside and get back down into um those low 730s is what I think the markets would do if Nvidia were to continue. If Nvidia were to pull back during the conference call, I would look for that price action tomorrow. If I go to a 15-minute chart and just kind of break this down a little bit, we can kind of take a look. There’s a really great support level here at 7:32.
Low of the day there on the 19th and low of the day there on the 12th. So a nice little double bottom there at 7:32. And I think that if especially if Nvidia pulls back, if Nvidia pulls back during the conference call and let’s say tomorrow morning, Nvidia is like 218 217, then I think I think the SPY trades back down towards like today’s low and I think you get price action tomorrow that looks something like that. And um and if that’s the case, we would be short short bias coming into the day. Um, and we’ll we’ll talk about that obviously tomorrow morning when that sets up. But 7:32 is a really nice support level. After 7:32, and you can just draw these lines on your spy chart just to make sure you’re always, you know, aware. After 7:32, support is 7:30. After 7:30, support is 728. After 728, support is 725. Okay? And you also have a minor support level here at 738. So here are all of your support levels. So if those of you guys want to draw Oh, you know what? You have a minor support level here at 734. So here are your support levels if you guys want to draw these out just so you have them on your chart or that you’re always aware of where these levels lie. 738 is your first support level. It’s a minor level. 738 and a half or so minor level. 734 minor level. 732 a little bit more significant. 730 minor level. 728 little bit more significant but still minor. 725 is the biggest of the levels. Okay. Or is the most significant of the levels. All right. So, those are going to be your support levels that we can we can look at. But a lot of it, like I said, a lot of it’s going to rest on what happens with Nvidia during the conference call and where where that thing opens up tomorrow. Okay. Anybody have any questions? Anybody have any questions on Nvidia or anything that I just talked about the spy? Now is the time to ask.
Kind of an uneventful uh Nvidia earnings.
Like I said, everybody was expecting this this big move in the stock and the stock is is flat. Stock is flat.
Crazy. It’s like what what more what more do you want? Was an unbelievable earnings report.
All right, folks. Well, if nobody has any additional questions, like I said, if you guys are not members, truerding.com990, you guys can try out the entire platform. Try out all the tools for 90 days for $1 a day. Um, if you have any questions, send us a text message, okay? 1888621-2127.
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Thanks for tuning in. The um those of you that are not members, subscribe to the channel, smash that like button, show us some love, check out that truetrading.com990. Come trade with us. Use the platform for 90 days. Those of you that are members, obviously the team and I will be back bright and early in the morning to see where Nvidia is and we will uh start to plan out the day and go through the entries, the exits and how we’re going to make money tomorrow. All right, so that’s all folks. Thanks for tuning in. Hope you guys enjoyed the live. Nvidia is flat. Slightly slightly slightly red, but for all intents and purposes, Nvidia stock is currently flat after earnings. Everyone is waiting now for Jensen Long in the conference call. Have a great night, folks. Thanks for tuning in. Subscribe to the channel. I’ll see you guys all later.