Should I Buy NVDA? | Weekend Edition June 1, 2024

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CHAPTERS:
0:01 Opening Comments
0:57 What's Really Going On?
01:14 Monthly SPX chart still bullish
01:50 SPX Daily chart analysis
08:41 VWAP on /ES 5 minute
14:32 Lead Story - NVDA
15:10 How stock splits work
16:25 Anchored VWAP
18:42 How to play NVDA
21:40 How to exploit time in options
22:35 Should I Do This Trade?
27:03 Closing Thoughts
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[@mdshaibaz-fo9yp]

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[@ShaniRajak-iy6jn]

Hello how do you make such monthly, I am a born again Christian and sometimes I feel so down 🙁of myself because of low finance but I still believe in God.

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You'll surely reach her

[@mdshaibaz-fo9yp]

she's active on What's app

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[@mdshaibaz-fo9yp]

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[@Rodriguezpaul-9]

I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Patricia Annie Brooks.

[@Nguyenvictory83]

I'm surprised that you just mentioned Annie Brooks here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

[@carolynvo7802]

YES!!! That's exactly her name (Annie Brooks) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺

[@Scottweeier846]

I'm new at this, please how can I reach her?

[@DaveCulbertson]

Her good reputation already speaks for her .I’m also one of the beneficiary of Annie Brooks. So happy I gave it a trial after being skeptic of the process.

[@Rodriguezpaul-9]

she's mostly on Instagrams, using the user name

[@NCFinanceGuy]

This past week movement was a textbook case affirming why it's so difficult to trade on short term. Intermediate or long term is the only way to go consistently. Friday looked to give confirmation to the bears after that large earlier bearish engulfing several days before, and then the bears got their face ripped off later in the day Friday. Why many years ago, I shifted to swing only and will only do an intraday if there is a low float mover with massive volume. Otherwise, short term trading is futile generally.

[@therealshadowtrader]

email me for a copy of my track record proving otherwise. Like I said in the video, we switched our bias at the top and are now relatively flat. It's far from futile. I do it week in and week out.

[@jayscottk]

Peter's room killed it this week. Nearly $2000 in closed profit at the smallest size.

[@Lights_Darks]

Thanks, Peter! All very helpful information. Have a good weekend. Good trading!

[@17jnewman]

Nvdx 122 and 108

[@jonyD143]

I blew up $1,000 worth of options puts 0dte on NVDA because I saw we filled the gap in the 30 min candle but we turned back up anyway. The buyers are so strong this thing is going to go to 1200 next week!

[@jonyD143]

I'm done with single options Peter I can't make it big like WSB. I'm just going to stick to futures because that's what I'm good with. I'll try more advanced plays like butterflies and back ratios to add additional income to my trading. No more fast money, I've tried so many times and can confirm IT DOES NOT WORK!

[@charlies8282]

Try some slower plays man. Options on futures

[@jonyD143]

@@charlies8282 perhaps. I'll need to rethink my approach

[@OtonasKancleris]

As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Linda Wilburn’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!

[@OtonasKancleris]

Linda Wilburn program is widely available online.

[@redeyesband]

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

[@harrypalter3824]

BTW, that 8/21 ema setup has been a game-changer, Peter, in my intraday trading in all the markets/timeframes I trade. Thanks.

[@CationicGibbon9]

I liked the Shadowtrader Weekend Edition thumbnails more than these more clickbaity thumbnails, but I understand having to play the KZbin game.

[@elvinaguero4651]

I love this format of analysis and the TV set up... well done Peter.

[@glinarien]

prefer dark mode for charting on that tv

[@reh604]

Peter, it would be so beneficial if a course that outlined your approach to trading options was available. It would make following along with your trades in the trading room so much easier.

[@therealshadowtrader]

Have you read the "Weekly Options Playbook"? That is the course, literally. Everything I believe, stand for, and DO is laid out in detail there.

[@nyleph9]

I don't understand if all is the same after the stock split then the premium in the option should be exactly the same for NVDA. I strongly believe Peter is wrong or at least he did not explain well.

[@JamesMacLean-tp2fb]

the trade of the day was a Put BWB, just making sure as Peter said Call during his explanation

[@handofgod9386]

Peteer, always the best! I was wondering which thinkscript you’re using to change the vwap parameter’s to start at 12:01 a.m. as you shared in the video? I don’t have those settings available on my ThinkOrSwim vwap settings. Thank you again for all the quality knowledge you share with is. ❤

[@GigglingBear1887]

Hi Peter on 26:02 , did you mean BUY a PUT instead of CALLS?

[@astrometaqua411]

any one can enlighten what does MO mean?

[@revdrron]

Thank you for the short, simple, and salient advice in this video. I appreciate your insights and look forward to your next video.

[@BK-kp6rr]

Peter, as always thank you for your weekly analysis. Spot on

[@Coda1850]

The new format is great. Excellent vid, thx!

[@billievanderwerben1430]

Nice intro song!! Perfect

[@pdykesdykes]

great video

[@mikehorvath5729]

Splits = retail in and tutes out.

[@jareds5249]

Thanks for the wisdom, Peter. However, please fix your audio. It should be twice the level it's at in this video and last week's. Thank you.

[@MrJupton1]

Well if you pay attention to Stanley Druckenmiller, He just unloaded the majority (84%) of his NVDA and bought IWM. I don't now, maybe NVDA is an asymmetrical move going forward. Most likely to go up percentage but the greater percentage will be made on the downside but the risk is also greater that it doesn't. Just saying

[@chrischase62]

The internals for the NYSE were never very negative. The breath was slightly positive to flat all morning. But really started trending positive after the low. The ADD line was positive all day. Declining from the start but after that midday low trending positive heading above 1000. It was only the Nasdaq that was very weak. The NYSE seemed to be telling a story contrary to the bear story.

[@benjiwong5276]

Great video. Thanks for sharing this, Peter. Can you please explain why you prefer using EMA instead of SMA? Thanks.

[@VinNewYork-zv9rn]

NVDA I m short it’s a sell. NVDD . Sell 100% . MacD and RSI telling me sell

[@andinorth1507]

Great insight on the VWAP, rarely have I seen the market bounce back from an almost 2% drop in the NQ. I was planning for a return lower that never came. I was left flat footed. I didn’t lose on the day, but I totally missed the late day rally.

[@OneKeyRep]

so will nvda make it to 1300 by the end of 7th june?

[@shalombard4275]

You are the best ever! the charts do show the beginning of a Canada Goose pattern but this is not the seasonality for them so bullish I am. Until next weekend, ✌

[@malandrinumalandrinu9015]

Friday afternoon will re-trace Monday, it was a fugazi

[@hegelmatters]

Hey Peter, best weekend show since you started up again. I'm enjoying your options advisory room just for the market commentary and internals read as I day trade NQ, and recommend it to others, it's worth the cost. I will be trying some of your options trades soon. Thanks for your efforts.

[@zenveg]

These splits, like $CMG, are killing the put selling game.

[@cottondog3607]

As a longtime follower, and fan, of Peter and ShadowTrader, it's fascinating to me to see how both have evolved over the years.

[@yousifyasin6043]

Thank you Peter, you are always right on the money. I enjoy your Weekly videos

[@teckchris01]

always fun to watch your videos !!!!

[@mikefromreno]

Looking sharp my brother. 💰🎫🏁

[@JD-qj9gr]

Great update and analysis as always. Thanks Peter!

[@VinNewYork-zv9rn]

NVDA going to 500

[@qutaibasemet3595]

I like your outfit you just need a good haircut hhhh , thanks for the priceless info

[@therealshadowtrader]

I'll be sure not to ride my bike across the corner of your lawn when I pass by.

[@kenb4303]

Great video.

[@julianhall6773]

A slight mis-speak from Peter about the KLAC trade ... he said "CALL" but the trade as written is a "PUT" butterfly and has to be a PUT one in order for it to be a credit. If KLAC goes down, what is the exit or adjustment strategy? When does it kick in? What is the profit target? Is the whole of the collected credit or just some % of it ... when I modeled it up just now I could only see a 40 cent credit being available, not 85. Excellent video again Peter, thank you so much.

[@therealshadowtrader]

The market rallied so hard late day that put credits changed a lot.

[@julianhall6773]

@@therealshadowtrader Understood. Just curious .. why go for a BWB in this case versus a straight 715/705 put credit spread? It seems like the theta decay is about the same but the PCS seems to require less capital and gives a bigger credit?? Apologies for the blunt question.

[@dduhnut]

@@julianhall6773 Because of the strong upmove right at the Friday close, I was planning to look for a retracement entry in KLAC on Monday. But those weekly options are quite illiquid. Hard pass for me.

[@barrycw1]

Peter back to doing weekend updates, yeah! But does he still live in CA apart from the rest of his crew?

[@Cordycep1]

pay CAli income tax among the highest in the nation -no way. More likely part time resident.

[@JamesMacLean-tp2fb]

@@Cordycep1 best place to live, so yes I think he moved full time

[@jonyD143]

​@@JamesMacLean-tp2fbIf you're in the rich and quiet neighborhoods and can afford it, then yes, CA is heaven. But living with common people sucks. Lots of helicopters looking for bad people, random fireworks going off in the night, hoodlums having no business in your neighborhood, hearing losers doing donuts at your nearest intersection. It's bad. The weather is good though 👍.

[@zenveg]

When you’re as successful as Peter is, there’s no better place to live in the US.

[@MuhammadKhan-wp9zn]

Hey Peter No one can compete of your analysis for sure Sometime ago i was your weekly options advisory member I have a very humble request to you please star supporting IB broker This is the only broker we have in canada Lots of my friends want to join you but bcos you are very strict to thinkorswim Unfortunately we dont have as a canadian this leverage Please do something I promise you i will revert back with lots of peoples Thanks Love your analysis

[@therealshadowtrader]

You don't have to be with any specific brokerage to be in my room. I'm not understanding what you mean.

[@VinNewYork-zv9rn]

You talk to much by

[@zenveg]

Drunk?