EARNINGS ALERT❗ DELL, CrowdStrike, HPQ ALL Report @ 4:05pm ET | Nov 26 Recap

11/28/24 •

Summaries by topic

• English

The NASDAQ remained range-bound throughout the trading day, with little market movement despite the release of the Fed minutes. The most notable price action occurred in individual stocks, particularly those related to cryptocurrencies. The speakers discussed various trading opportunities, analyzing technical indicators, price action, and market sentiment.

Market Overview

• 00:00:00 The NASDAQ remained within a narrow range throughout the day, with little price movement. The market's lack of movement was attributed to holiday short week, leading traders to seek out individual stocks with price action.

GameStop

• 00:04:51 GameStop experienced a strong upward trend throughout the day, gaining over 7%. There was no specific catalyst for the move, though the stock has been trending higher in recent days.

Nvidia

• 00:09:47 Nvidia was under pressure throughout the day, failing to break above its 50-period moving average. The stock held its prior lows and exhibited consolidation but not much movement.

CrowdStrike

• 00:16:20 CrowdStrike reported after the bell, exceeding expectations on EPS but slightly missing on Revenue. The stock experienced a significant decline, dropping below its expected move and retesting prior support levels.

IBIT

• 00:20:11 IBIT, the BlackRock Bitcoin ETF, declined throughout the day, following a pullback in Bitcoin. The speakers predicted a potential correction in Bitcoin, potentially reaching the $90,000 level. IBIT's price action mirrored that of Bitcoin.

Palantir

• 00:25:54 Palantir experienced a slight pullback but remained relatively flat on the day. The speakers discussed the stock's potential for upside, citing Danny Ives' $75 price target.

MSTR

• 00:33:34 MSTR, MicroStrategy, experienced a significant decline, dropping over 12% on the day. The stock broke below prior support levels, leading traders to anticipate further downside movement.

IMG

• 00:44:49 IMG experienced a volatile day, exhibiting a sharp upward trend and then halting to the downside. The speakers discussed the stock's potential for further upside and the importance of tight stops.

Amazon

• 00:59:59 Amazon displayed strength throughout the day, reaching near day highs. The speakers highlighted the importance of the $206 level, which acted as a key level of resistance and support.

Tesla

• 01:00:00 Tesla experienced a pullback, retracing its pre-market lows and challenging the anchor from the election, which was placed at $325. The speakers anticipated a potential test of the earnings low, which was anchored at $305.