NVDA Forms a Handle Before Earnings – Up or Down?

Market Action

QQQ – upside reversal as it forms a handle above the key level

IWM – Gap down but okay close

Trends (4/4 Up)

Shortest – 10 Day EMA – Up – Above Rising
Short-term – 21 ema – Up – Above Rising
Intermediate term – 50 sma – Above Flat
Longterm – 200 sma – Up – Above Rising

Groups/Sectors – % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA upside reversal as it forms a similar handle up the right side of the base like last earnings cycle.

NVDA Weekly, this is the fourth major base of this move

ONON expansion up. The retest of the pivot and follow through up were the best low risk entries.

CAVA gap down on news of some insider selling, Excuse for a pullback? watch the 10ema

IBIT gap down, back towards the top of the range

TMDX upside reversal and close right below highs

CYBR near highs

DOCS still going sideways

KVYO double inside

PRCT great action after oops reversal, see if it can follow through more

CPNG not a good close but inside day within this handle

SN oops reversal, can it follow through to new highs

ASPN fade

Wing Upside Reversal

Market Thoughts

Lots of handles forming as the market waits for NVDA tomorrow.

Day by Day – Managing risk along the way