It’s Nvidia’s Market - We’re Just Trading In It

By Don Kaufman of TheoTrade

Financial Services • Nov 20, 2024 at 6:33 PM EST

Equities finished higher today, despite some serious volatility.

person using MacBook Pro on table

Image Source: Unsplash

I’m writing this in the weird netherworld between the cash close and Nvidia’s third-quarter earnings announcement…

Surprisingly, equities finished higher today, despite some serious volatility. We’re getting consistent VIX readings above 17 and there were times during today’s session when it was knocking on the door of 19. Yikes.

That gave us selling on rockin’ volume and then the bulls came back in swinging. Nvidia itself found a bid only in the last two hours of the trading session.

I’ve got a bullish butterfly on in NVDA right now, so I’ll walk you through that was we await those earnings…

Video Length: 00:14:31

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