🐳 WhalePool Traders Journal
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NVIDIA earnings drop today—will a blockbuster quarter push NVDA to the major $240-$245 resistance trend line? Chief Market Strategist Gareth Soloway breaks down the charts to give you the exact high-probability setups you need.

In today's My Trading Game Plan, we look at the critical correlation between the 10-year yield and oil. With oil pulling back on easing Middle East tensions, the 10-year yield is following suit, setting the broader stock market up for a strong open on the back of NVIDIA optimism.

But will NVDA stall out? Gareth analyzes the chart to see if a massive earnings beat can actually break through the heavy resistance line around $245. We also cover the next key levels for the S&P 500 and NASDAQ 100, analyze earnings movers like Target and TJ Maxx, and revisit yesterday's CrowdStrike forecast, which just tagged a perfect bearish topping tail reversal.

Finally, get your updated technical levels for Gold, Silver, Oil, Natural Gas, and Bitcoin. We don't gamble on hype; we rely on pure technical analysis to find high-probability trades and hit consistent singles and doubles. Leave the emotion at the door, follow the price action (remember: green candles go up, red candles go down), and put the odds in your favor!

#NVIDIA #NVDAEarnings #StockMarket #TechnicalAnalysis #GarethSoloway #TradingGamePlan #Bitcoin #Gold #SP500 #DayTrading

https://www.youtube.com/live/DfPVdp9QMf0?si=YinjmQ1R4Y9lazRD
#USMarketUpdate
Wall St climbs 1% with chip stocks rallying before Nvidia results | Reuters

SUMMARY
Indexes up: Dow 1.31%, S&P 500 1.08%, Nasdaq 1.55%
Target slides after warning of tough macro environment
Chip sector rallies in regular session; Nvidia dips in after-hours trade
Travel stocks rally as oil prices fall

May 20 (Reuters) - Wall Street's main indexes rallied more than 1% on Wednesday, bouncing back from a three-day selloff with ​a boost in sentiment from technology and chip stocks, which rose ahead of Nvidia's quarterly results.

The report from Nvidia (NVDA.O), opens new tab - the leading artificial intelligence chipmaker and ‌the world's most highly valued company - is viewed as a window into whether the appetite for spending on AI remains strong enough to support lofty valuations across the technology sector.

Nvidia shares closed up 1.3%, but after-hours trading was volatile after the company forecast second-quarter revenue above Wall Street expectations and announced an $80 billion share buyback program.

Before the Nvidia report, the Philadelphia SE Semiconductor index (.SOX), opens new tab had rallied 4.5% with big gainers including ​Astera Labs (ALAB.O), opens new tab, up 17.7%, and ARM Holdings U.S. traded shares , up 15%.

The lack of a resolution to the U.S.-Israel war on Iran had sent U.S. indexes lower in the last three days as investors worried that elevated oil prices would boost inflation enough to lead the Federal Reserve to raise interest rates.

On Wednesday, Iran's foreign ministry spokesperson said the exchange of messages between Iran and the U.S. has continued. President Donald Trump said the U.S. was willing to wait a few days for ​the "right answer" from Iran. Earlier Trump had said negotiations with Iran were in the final stages...

Among the 11 major S&P 500 ⁠sectors, eight advanced on Wednesday with the biggest gains in consumer discretionary (.SPLRCD), opens new tab, up 2.5%. The second-biggest gainer was technology (.SPLRCT), opens new tab, which rallied 2.5%. On the flip side, energy (.SPNY), opens new tab dropped 2.6%.

Consumer staples (.SPLRCS), opens new tab slipped almost 1% with pressure from Target (TGT.N), opens new tab. Shares in the retailer sank 3.9% after it warned of a ​challenging macroeconomic backdrop even as it doubled its annual sales growth forecast. In sympathy, shares fell 2.5% in retail bellwether Walmart (WMT.O), opens new tab, which ​is due to report results ⁠on Thursday.

Falling oil prices boosted sentiment around airline stocks with Delta Air Lines (DAL.N), opens new tab, United Airlines (UAL.O), opens new tab, Southwest Airlines (LUV.N), opens new tab and Alaska Air (ALK.N), opens new tab advancing between 6% and 10%.

Cruise companies Carnival Corp (CCL.N), opens new tab and Norwegian Cruise Line Holdings (NCLH.N), opens new tab led the discretionary sector's percentage gains with both adding more than 8%.

Intuit (INTU.O), opens new tab shares declined 3.9% after Reuters, citing an internal memo, reported that the company is laying off about 3,000 employees.



https://www.reuters.com/business/us-stock-futures-climb-chip-stocks-rebound-ahead-nvidia-results-2026-05-20/

Wall St rises as chip stocks rally ahead of Nvidia results
https://www.straitstimes.com/business/companies-markets/wall-st-rises-as-chip-stocks-rally-ahead-of-nvidia-results