All eyes 👀 on NVDA. Again.
Will this week break the sideways trend?
Quick summary:
The Q1 competition is up & running - click here to join the action.
A new all-time high was hit last week but didn’t hold. The market remains in a volatile, sideways range, with the post-February Opex window increasing the risk of sharp moves.
Given its market weight and timing, NVDA’s report on Wed after close could drive the next big move. A strong beat may push the market toward 6,200, while a weak beat or miss could send it down to 5,700. Which one is it?
Friday’s PCE price index is the Fed’s preferred inflation gauge and could influence rate cut expectations.
The competition
With NVDA earnings and the PCE data ahead, let’s stay sharp and make our move up the leaderboard. This week’s shifts could set the tone—time to lock in and push forward.
Keep your strategies sharp and your eyes on the top!
NOTE: For all those new to the whole thing, read more about it here or watch a video of Scott and myself guiding you through the survey, showing you all its features, and briefly explaining how the competition works.
Last week’s performance
We hit a new all-time high, but it didn’t stick. Instead, the market stayed in a choppy, sideways range—no blow-off top, but also not a correction. Now, we’re entering the post-February Opex window, a period that has historically seen increased volatility. If a negative catalyst shows up, the reaction could be sharp.
That brings us to NVDA earnings on Wednesday (after close). Given its market weight and the timing within this “window of weakness,” its results could dictate the next few weeks. A strong beat? We could see a push toward 6,200. A miss or a weak beat? A sell-off to 5,700 isn’t off the table. Either way, the move could extend well into March.
Check out our Saturday analysis for more details.
Beyond NVDA, Friday’s PCE price index release is the next major event. As the Fed’s preferred inflation gauge, it will give more insight into whether inflation is cooling or if rate cuts could be delayed. If inflation remains high, expectations for rate cuts could shift further out, adding pressure to a market already in a volatile post-Opex period. Other key data points include GDP revisions, consumer confidence, and housing market updates, all of which could influence sentiment.
…join the $32,000x competition!
Join our survey competition to get an opportunity to participate in our quarterly ($8000) and annual (3% of our profits) prize distributions:
DISCLAIMER: Neither the survey nor any of the contents of this website can act as investment advice of any kind. The results of the survey need not correspond to actual market preferences or trends, so they should be interpreted with caution. Oraclum Capital, LLC (Henceforth ORCA) is a management company responsible for running the ORCA BASON Fund, LP, and for organizing a survey competition each week, where it invites the subscribers to its newsletter (this website) to participate in an ongoing prediction competition. The information presented on this website and through the survey competition should under no circumstances be used to solicit any investment advice, nor is it allowed to be of commercial use to any of its readers. The survey and this website contain no information that a user may use as financial or investment advice. All rights reserved. Oraclum Capital LLC.
And, as always, don’t forget to subscribe to the newsletter.