Is NVDA Ready Again

[] [View in browser]( [View in browser]( [] DEC 28, 2023 [] [] SCOTT WELSH’S TICKER TALES Is NVDA Ready Again? As soon as a trade gets nicely profitable, what do we do? We panic. Losses are twice as damaging as wins are rewarding, and our primitive brains will do almost anything to avoid a loss. That’s why traders struggle. And as soon as a stock shoots to the moon, what do we do? We start knocking it down. We say it’s “overbought”. We say it’s “over-extended”. We say, “What goes up that high surely has to come down.” But a rocketship stock doesn’t have to come down. And [don’t call me Shirley](. Many super stocks were super before they made a big run. Nvidia (NVDA) definitely fits that bill. Here’s the chart: [] NVDA definitely shot up just the way we like it to. Our rules would’ve caught the first leg up in 2023. And now a breakout above $505.50 would have no “overhead supply” and could lead to another huge run. Monster stocks don’t always crash and burn. Sometimes they become monsters again. [] — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] Next stop $4 Trillion?!?! It took Apple over 40 years to hit a $1 Trillion Market cap. But since hitting that mega milestone in 2018, they’ve rocketed past $2 Trillion… And just hit $3 Trillion in July — all in less than 5 years! Are you finally convinced you need to trade this stock? [And one trader has the PERFECT way to trade it!]( [] [] PROSPERITY PUB MARKET TALK Banking on Unions: Branching into New Territory Hold onto your briefcases, corporate America, because the union train is back on track, and it's making its latest whistle-stop at Wells Fargo! Yes, you heard it right – in a twist that might have you spitting out your morning coffee… Wells Fargo, the banking giant, now boasts a unionized branch. With workers in Albuquerque, N.M., saying "yes" to unionization in a 5-3 vote, it’s like watching the underdog punch above its weight. But it’s not just a one-off. It's a real David-versus-Goliath moment. Imagine, out of Wells Fargo's colossal empire of 4,355 branches, one tiny outpost in Albuquerque, with its eight-member crew, has raised the union flag. And it's not stopping there. Workers in Bethel, Alaska are lining up to cast their votes, while branches in Daytona Beach, Fla., and Atwater, Calif., are already queuing up to join the union party. What's got these bankers swapping their calculators for picket signs? It's simple: they're craving better wages, saner working conditions, and an antidote to the aggressive sales tactics that have been Wells Fargo's unwelcome sidekick for years. But Wells Fargo’s bigwigs aren’t singing 'Kumbaya' around the union campfire. CEO Charles Scharf, at a recent Senate hearing, was all about keeping it 'direct' with employees — no union middlemen, thank you very much. And to really drive the point home, the bank’s brought in Littler Mendelson P.C., the legal eagles of the employer-side labor world, to keep the union wave at bay. Flyers, small group meetings, you name it — Wells Fargo's pulling out all the stops to keep its branches union-free. But there’s a bigger picture here. We're not just talking about a few disgruntled employees in one bank. This is part of a nationwide resurgence of unions, popping up everywhere from restaurants to Hollywood sets. After decades of unions playing hide-and-seek in the corporate world, they're back, and they're winning big. Now, here's the million-dollar question: what happens when unions start flexing their muscles again? For the last 40 years, as unions took a backseat, stock markets boomed like it was the Fourth of July. But with unions back on the scene, could we see the brakes pumping on those corporate earnings? It's a scenario that's got the financial world watching with bated breath. As more workers join hands and unions grow stronger, we could be witnessing a tectonic shift in the corporate landscape. So, for those of us old enough to remember what life was like under unions, this might just be the start of a new union spring. One thing's for sure: the Wells Fargo chapter is just the opening act in this financial drama. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] DEC 28, 2023 [] [] SCOTT WELSH’S TICKER TALES Is NVDA Ready Again? As soon as a trade gets nicely profitable, what do we do? We panic. Losses are twice as damaging as wins are rewarding, and our primitive brains will do almost anything to avoid a loss. That’s why traders struggle. And as soon as a stock shoots to the moon, what do we do? We start knocking it down. We say it’s “overbought”. We say it’s “over-extended”. We say, “What goes up that high surely has to come down.” But a rocketship stock doesn’t have to come down. And [don’t call me Shirley](. Many super stocks were super before they made a big run. Nvidia (NVDA) definitely fits that bill. Here’s the chart: [] NVDA definitely shot up just the way we like it to. Our rules would’ve caught the first leg up in 2023. And now a breakout above $505.50 would have no “overhead supply” and could lead to another huge run. Monster stocks don’t always crash and burn. Sometimes they become monsters again. [] — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] Next stop $4 Trillion?!?! It took Apple over 40 years to hit a $1 Trillion Market cap. But since hitting that mega milestone in 2018, they’ve rocketed past $2 Trillion… And just hit $3 Trillion in July — all in less than 5 years! Are you finally convinced you need to trade this stock? [And one trader has the PERFECT way to trade it!]( [] [] PROSPERITY PUB MARKET TALK Banking on Unions: Branching into New Territory Hold onto your briefcases, corporate America, because the union train is back on track, and it's making its latest whistle-stop at Wells Fargo! Yes, you heard it right – in a twist that might have you spitting out your morning coffee… Wells Fargo, the banking giant, now boasts a unionized branch. With workers in Albuquerque, N.M., saying "yes" to unionization in a 5-3 vote, it’s like watching the underdog punch above its weight. But it’s not just a one-off. It's a real David-versus-Goliath moment. Imagine, out of Wells Fargo's colossal empire of 4,355 branches, one tiny outpost in Albuquerque, with its eight-member crew, has raised the union flag. And it's not stopping there. Workers in Bethel, Alaska are lining up to cast their votes, while branches in Daytona Beach, Fla., and Atwater, Calif., are already queuing up to join the union party. What's got these bankers swapping their calculators for picket signs? It's simple: they're craving better wages, saner working conditions, and an antidote to the aggressive sales tactics that have been Wells Fargo's unwelcome sidekick for years. But Wells Fargo’s bigwigs aren’t singing 'Kumbaya' around the union campfire. CEO Charles Scharf, at a recent Senate hearing, was all about keeping it 'direct' with employees — no union middlemen, thank you very much. And to really drive the point home, the bank’s brought in Littler Mendelson P.C., the legal eagles of the employer-side labor world, to keep the union wave at bay. Flyers, small group meetings, you name it — Wells Fargo's pulling out all the stops to keep its branches union-free. But there’s a bigger picture here. We're not just talking about a few disgruntled employees in one bank. This is part of a nationwide resurgence of unions, popping up everywhere from restaurants to Hollywood sets. After decades of unions playing hide-and-seek in the corporate world, they're back, and they're winning big. Now, here's the million-dollar question: what happens when unions start flexing their muscles again? For the last 40 years, as unions took a backseat, stock markets boomed like it was the Fourth of July. But with unions back on the scene, could we see the brakes pumping on those corporate earnings? It's a scenario that's got the financial world watching with bated breath. As more workers join hands and unions grow stronger, we could be witnessing a tectonic shift in the corporate landscape. So, for those of us old enough to remember what life was like under unions, this might just be the start of a new union spring. One thing's for sure: the Wells Fargo chapter is just the opening act in this financial drama. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](