Nvidia Stock EXPLODING! Time To BUY!?🔥

Nvidia, baby. I love it. 3% up right now heading into Alphabet and Tesla's earnings after the bell, which guys, they're by far the biggest earnings this week. So, let's break down Nvidia's charts, what I'm doing, and overall where my head's at, not just with Nvidia, but we'll break down Google, Tesla, and other stocks I'm watching. So guys, hit the like button, make sure to subscribe, join my Patreon if you want to keep up with my portfolio updates, and be a part of my private Discord. That's linked down below, pinned in the comments, or go to stasterfast.com/patreon. And now, cheers. No coffee today, guys. I know, crazy. I drank it already, so we're on to the water. Cheers. I appreciate you all for tuning in. Let's dive into it. So, Nvidia is up 3% right now, and we hit $214.39 earlier in the session. Now, we're down about a dollar off that high, but still, we're completely popping out of these highs from the last couple of days, and we're now testing the highs. We actually broke them, uh broke them momentarily, but we're wrestling with the highs from last week, being about 213, 213.50, right? That's kind of where we're at now. And this stock is gaining some serious momentum heading into really Alphabet's earnings in the after market, as that is a key story, key player in the AI trade, right? their CapEx is looking, uh the guidance commentary from obviously the management team during the earnings call, but it's really coming down to um CapEx and the overall AI narrative uh from Google. That's going to affect um obviously Nvidia, all these other uh components in the AI trade, memory, all the way down the line. So, it's all coming down to Alphabet, and we're seeing some hype, um no doubt with Nvidia. Not not every AI stocks up. I mean, I mean Micron's barely up a quarter percent today. Uh, but really Nvidia is starting to get supercharged here into the print and we can see this inverse head and shoulders that we talked about. It looks intact, doesn't it? We have the left shoulder, the head, the right shoulder. We see that clear um, inverse head and shoulders and we're not fully breaking out yet, but if this thing takes out, I would say about 215, uh, that's where it could really take off and, you know, break through, uh, that 220 barrier finally, which has been resistance for quite some time at this point. So, technically speaking, Nvidia is not fully breaking out, but it's almost there. The inverse is there, inverse head and shoulders, the story's building up, a lot of momentum now heading into Google's earnings and I'm going to set my alert at 215, might as well, and, uh, you know, we'll see if it takes that out. For me, guys, currently, I am in the stock. Obviously, I'm not trading it, you know, it's a long-term investment and I did sell some calls, um, that expire on the 31st of this month. We talked about that yesterday. I sold calls on Amazon, Robinhood and Nvidia. Uh, not on my entire position, but I did sell 217.50 calls. Uh, so I'm cutting it close, might have to might might lock some profits here on some Nvidia potentially by the 31st or I could always, uh, roll those out, which I might do. I probably will do that. I mean, if I want to keep the stock. But again, I didn't sell it on my entire portfo- or, uh, position across my different accounts. Um, so if it if it gets called away, hey, I'll book a pretty good profit, but again, I have the option to roll out, uh, those calls that I sold. So, that's kind of what I'm doing right now, guys. And look, if it takes 215 out, will I take a swing trade? Potentially. I I I might trade it as well. But for now, I'm only in the long-term shares, and I sold some calls, collected some premium, uh and that's what I'm doing. What about you? Let me know in the comments, guys. And let me pull up Alphabet quickly so we can see kind of how this is looking heading into earnings. So, it hasn't done much, really, uh the last couple of weeks. I mean, yeah, we did see a pop to about three Wait, we hit 380. Oh my goodness, man. This thing ripped um on the the 15th, what, last Wednesday? It popped from 356 to 372. It popped to 380 almost the following, uh you know, days pre-market. And now it's back down at 346. So, clearly the bears have an edge in the short term, but the fact that overall we're maintaining the highs from January, right? December, also from back in April. We're maintaining those highs as support. That's a good sign. And we have been holding that support for quite some time now, for a couple of weeks, here on Alphabet. And it's uh it's getting ready for that pop, potentially. It's all coming down to earnings, which I just realized, when you're watching this video, um earnings might already be out. I don't know how I'm going to um schedule these videos today. I should have thought that out more a little bit. Maybe I'll release this one um before their earnings, then we'll make another video um actually breaking down their earnings. But maybe this comes out right around uh when they do report. So, make sure to subscribe and hit that follow button for the follow-up video, which we'll do uh very shortly here. So, that's a quick breakdown. The descending triangle is intact on Google, but we're maintaining uh those previous highs as support, which is promising. And I think we have seen a decent flush out heading into earnings. I feel like if they do well, this could easily be a runner post earnings. And let's be honest, guys, when's the last time Google hasn't really had a great earnings report? I can't remember. It's been a while. And Tesla is another one for this week, or not this week, but today. And Tesla's maintaining a big support right now heading into earnings. But I don't know, man. At the same time, it's making lower highs. So what do we have? A descending triangle is what that is. You guys see here, lower highs are being made. Boom, boom, boom. All while we're pretty much double bottoming at about 370. But each time it starts to run off 370, the bulls they kind of die out. The bears come in. So at this point, man, if earnings aren't the best, I mean a lot of I don't want to say a lot of negativity's already priced in. But I mean, look, the stock's down about 75 bucks a share, 20% from the highs from back in the middle of May. So pretty much over the last 2 months, we're down 20%. But if earnings are really that bad to make it go down even more more than what's already priced in, maybe we fill this gap down here to about 340, 350. But honestly, man, I don't want to say Tesla's going to rip after earnings, but I just don't see it going down much more. Maybe it does. I don't know. I don't I don't have the you know, the crystal ball here. But either way, I'm ready for either scenario. Listen, if it goes down to 350, 340 range, I'm going to add more, right? I haven't really bought much Tesla recently. I'm holding on to my position from a couple months ago. But I really want to start chipping at it um a little bit more in the low 300s, mid 300s, if it's you know, if it actually gets there. So, I've been waiting I'm going to wait until after earnings to really add more. And uh if it rips after earnings, I might not add more. It's not like I barely have any Tesla. It's a decent size position across uh my accounts. So, that's where we're at with Tesla. And they're coming out um in the after market, probably when you when you're watching this video, guys, you can go and see their earnings. And again, we'll do another uh video, a reaction. We'll break down the earnings in the future. So, so hit that follow button. Make sure to subscribe. And I'll probably make some short form videos about their earnings as well uh for those of you that like the shorter videos, you want a quick breakdown, snapshot, whatever, uh you can see it through those short form videos. So, that's pretty much it for this video, guys. I don't want to drag it on too much, especially as uh their earnings probably just came out. So, I want to keep it short and sweet here. Um yeah, I'm long pretty much yeah, all these stocks. I'm long all these stocks in the video. And uh I'm excited. I'm excited for earnings, but these are not just short-term plays for me. They're longer-term plays, but we can still be excited uh for short-term things like this quarter's earnings. We'll see. Uh so, hit the like button, guys. Make sure to check out the Patreon if you want to be a part of my private Discord community and see my portfolio updates. All that is on Patreon, link down below, pinned in the comments, or go to stossurfast.com/patreon. I'll see you guys in there. And with that being said, cheers. Have a great rest of your day. Good luck. Oops, hit the wrong button. There we go. See you, guys.