Is NVDA’s Breakdown Signaling the End of This Bear Market Rally?

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Is NVDA’s Breakdown Signaling the End of This Bear Market Rally? We had another amazing macro discussion on this week’s edition of The Big Picture With Jeff & Roger about where things stand right now on Wall Street, particularly in regard to inflation, oil and the S&P 500 sectors…  But what about leading chipmaker Nvidia, the latest big company to lower guidance?  This is a bad, bad thing, especially on the heels of the massive chip bill that just got through Congress. These guys are getting free money from the government, and the sector still can’t catch a bid as a whole… Shares of Nvidia Corp. (Nasdaq: NVDA) promptly dropped from $190 heading into the weekend down to $168 by Tuesday afternoon, and it’s concerning.  The reality is consumer spending is slowing down and lagging…   And I Don’t Like This Chart at All Jeff Z Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market.  Looking for the Best Overnight Trades? We haven’t seen investors pull their money out of the market at a rate like this in years… Meanwhile, the Federal Reserve is about to meet and let us know how much it plans to raise interest rates this week. And while others panic, I’m prepping for some of the biggest overnight turnarounds we’ve ever seen… Starting with tonight’s overnight trade opportunity!  And based on what the market internals and global economy are showing right now... I believe we’re just at the beginning of a…    Another Massive Overnight Opportunity!  Taiwan, Semiconductors and… What the Heck Is Nancy Pelosi Doing?! August 2, 2022 What the heck is House Speaker Nancy Pelosi doing with this Taiwan trip?! That was the first thing we discussed on this week’s edition of The Big Picture With Jeff & Roger.   Continue Reading Why a Hot Jobs Report Tanked the Market Aug. 4, 2022   Last month was the strongest July we’ve had in years, so naturally I came into the week a little bearish. As you know, I have a bit of a contrarian streak in me. I tend to bet against exaggerated moves to the upside and vice versa.    Continue Reading Joy of the Trade A WealthPress Publication   ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit wealthpress.com/terms for our full Terms and Conditions. Manage Your Email Preferences Unsubscribe This email was sent by: WealthPress 7751 Belfort Parkway #120 Jacksonville, FL, 32256, US Joy of the Trade Update Profile

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