We made it through another week, but before we kick back and relax, there’s something big we need to unpack—Nvidia just dropped its earnings on Wednesday……………, and let me tell you, it was nothing short of a show-stopper.

Have you checked it?

For those of you who’ve been riding the AI wave, it’s time to check your positions and ask yourself—are you ready for what comes next? 

So, let’s dive in and see some of the news that made headlines this week.

Are you ready to seize the opportunities ahead, or are you holding onto your seat for dear life?

Either way, it’s going to be one heck of a ride!

💣💥 Is Nvidia About to Shake the Market to Its Core? 

Nvidia's highly anticipated earnings report may trigger a monumental shift, with its market value poised to swing by a staggering $300 billion. Could this be the biggest market shift?

🪫 Dollar Slumps Near Yearly Low Amid Fed Rate Cut Speculation

The US dollar nears its weakest point in over a year, trading at 100.78, as markets eagerly await hints on the Federal Reserve's upcoming interest rate decision.

🩸 Asian Markets Bleed Red As Traders Remain Cautious

Asian stocks mostly traded lower on Wednesday, mirroring the cautious sentiment in global markets.

🚀 All Eyes on Nvidia as Dow Futures Edge Higher

The stock market teeters on the brink of a pivotal day, with Dow Jones futures inching up 0.2% ahead of Nvidia's earnings report, expected to reveal strong results.

🪙🏋 Gold Prices Holds Under Pressure As Dollar Dominates

As the dollar strengthens, gold prices are taking a beating. This could spark a sell-off.  Is it time to reassess your gold holdings?

💾  Investors Eye Anticipated Blackwell Chip

As Nvidia's earnings report is set to provide crucial insights into the future of the AI industry, investors are closely watching for updates on the company's Blackwell chip, which could significantly impact its growth trajectory.

🚧 Vanguard and Goldman Sachs Raise Concerns About Overvalued Stocks

As valuations soar to unprecedented heights, leading investment firms like Goldman Sachs and Vanguard are raising red flags about the potential for a market meltdown.

Pivot Points

Pivot points act as signposts on your market map, highlighting key price levels where the tide might turn.  

Calculated from the previous day's price action, they give you valuable clues about potential support and resistance levels for the current trading day.

Here's the simple formula:

Pivot Point (P): (Previous High + Previous Low + Previous Close) / 3

From this central pivot point, additional support (S) and resistance (R) levels can be calculated, giving you a range of potential turning points:

• First Support (S1): (2 x P) - Previous High
• First Resistance (R1): (2 x P) - Previous Low
• Second Support (S2): P - (Previous High - Previous Low)
• Second Resistance (R2): P + (Previous High - Previous Low)

What to Look For:

• Support and Resistance: Think of the pivot point (P) as a potential rest stop for prices. If prices dip, they might bounce off the support levels (S1, S2) like a trampoline. If they climb, the resistance levels (R1, R2) could act like a ceiling.
• Trend Confirmation: Is the price above the pivot point? That's a bullish hint, suggesting the trend might continue upwards. Below the pivot point? That's bearish, hinting at a potential downtrend.
• Targets and Stop-Losses: Pivot points and their support/resistance levels can help you set smart goals (profit targets) and protect yourself from losses (stop-loss orders).

Mind Over Markets 

I’ve been doing a bit of reading on someone I will call a financial titan, Yes, It was J.P Morgan. 

I like to think of Morgan as the guy who could walk into a room full of chaos, snap his fingers, and suddenly everyone’s calm and collected. 

Back in 1907, when the market was in free fall, Morgan didn’t flinch—he rallied the biggest bankers in the country and essentially saved the U.S. economy. 

That’s the kind of cool-headed strategy we can all learn from as traders.

Morgan wasn’t just about saving the day; he was also a master of diversification. 

He didn’t put all his investments into one sector—instead, he spread them across industries like railroads, steel, and banking. 

Fast forward to today, JPMorgan Chase carries on his legacy with innovation, a diversified portfolio, and a steady hand in rough waters. 

As traders, we can take a page out of Morgan’s playbook: diversify, stay calm under pressure, and make bold moves when the time is right.

So next time the market gets chaotic, channel your inner J.P. Morgan.

Take a deep breath, think strategically, and remember: in the game of trading, the biggest risk is not taking one at all. 

Cheers to your survival!