TIME TO LOAD THE BOAT ON NVDA!
If NVDA follows the pattern of its past four earnings reports, the bottom will be in by the end of close tomorrow (February 5, 2025). WHY? For the past four earning reports, the stock bottomed out 21 days before earnings and never went below that bottom until after earnings were reported. Don’t believe me? Look at the charts yourself:
February 21, 2024 earnings:
May 22, 2024 earnings:
August 28, 2024 earnings:
November 20, 2024 earnings:
For the past four earnings cycles, the stock peaked (at close) 7-13 days before earnings were reported (with the exception of the May 22, 2024 earnings cycle, where the stock basically went sideways for a week before eeking out a local maximum the day before earnings). What does this imply? You are probably safe to load the boat now and sell 7-13 days before earnings. This is exactly what I was going to do until the DeepSeek Bloody Diarrhea event and the Trump tariffs. Instead, I went in a little too early. In any case, I figure I’ll be fine as long as no Taiwanese tariffs come in too soon. Here are my positions:
GODSPEED AND GOOD FORTUNE!
Edit: Grammar.