Stocks just notched record levels across the board.
Gianni Di Poce says Nvidia (NVDA) is now trading at its cheapest valuation since 2019.
Records sit at the top of the tape. Yet, the biggest name in tech looks like a bargain.
The morning opened with a negative inflation reading. Gianni called it the first negative print in years.
That report sent stocks soaring. It also buys the Fed more time before the next move on rates.
The S&P 500 (SPY) closed last week at its highest weekly level in history. Gianni counts that as a clean breakout.
Financials led the charge to record highs. JP Morgan (JPM) and Goldman Sachs (GS) both printed new highs and blew past earnings expectations.
Here is the part that surprised me. Nvidia sits at its lowest valuation going back to 2019.
Gianni pointed out the tech sector has not been this cheap since the Liberation Day lows of 2025.
Earnings growth is driving this move higher.
That separates this rally from the dot com era. Real profits sit behind the price action.
In today’s video Gianni ran a live screen of every stock in the Dow (DIA). He worked through all 30 names one by one.
One setup stood out with an asymmetric risk reward profile. Gianni took the trade. It sits in the software space.
Today’s video lays out the specifics that matter most:
The S&P 500 logged its highest weekly close in recorded history.
A move above Nasdaq (QQQ) 30,000 opens a path toward 30,600.
Nvidia trades at its lowest valuation since 2019.
Visa (V) built an eighteen month base and sets up for a run toward 450.
Gianni’s one Dow trade sits in software and turns bullish above the early June high.
The software name is holding a former resistance zone that flipped to support. Gianni sees that as the tell.
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