In this pre‑market video, the host provides a rapid market outlook for Thursday, November 20, highlighting upcoming macro data releases (jobless claims, non‑farm payrolls, existing home sales) that could drive early‑session volatility. The bulk of the commentary focuses on two intraday trade setups: Nvidia (NVDA) and the S&P 500 ETF (SPY). For each ticker, the presenter walks through recent institutional trade prints, volume spikes, and moving‑average positions, then outlines specific bullish and bearish price zones, target levels, and stop‑loss points. The analysis emphasizes the significance of large‑block trades (1‑3 million shares) as springboard or support signals, and the convergence of the 200‑day simple and exponential moving averages as additional support/resistance. The video concludes with a standard call‑to‑action, promising a follow‑up later in the day to report trade outcomes.
Chapters
Good morning, traders. It's Thursday, November 20th at 5:27 a.m. All right, lots of older economic news reporting today after the shutdown is over. We've got lots of jobless numbers at 8:30, and also there's nonfarm payrolls as well previously for September. So there's this private rate and the nonfarm payrolls as well. And so yeah, we should see some volatility pre-market. Is there something later? I think 10 o'clock is existing. Listing home sales for October and month over month. So there's 2 that are there. All right, so the 2 stocks that I have for you today are Nvidia. Apparently the price action liked the earnings, they're doing quite well, so they're up about $9 so far pre-market. And so we can see this here that, uh, I keep mentioning this, these are the largest trades in the last month. We were up, you see this distribution up here which pulled us back to these print levels. You see this increasing volume here hammering on these prints. We came back and we held, held the moving average, and this was yesterday pushing off of these 2.2 million, 2.9, 1.8 million tags. It moves up here, right? So that to me is a springboard, and this just took off. And so yeah, we'll trade this. We'll have a bullish trade and retracement trade. So let's go ahead and look at that Nvidia bullish above 196.25. We've got this R3 here, but let's make a little bit Let's get above that. We've got our 50 simple here. Target 197, 197.50, 200, 281 is our 4. 202.49 is this 1.9 million share trade. 204.02 is another one, 3.2 million. 205.83 is our 5. And then after that, we start getting into all of these other ones here. This might be resistance And, um, that's getting us up here into this, into this mess. So you've got another high there. We'll see if it can make it up there. Just be careful that there's a lot of institutional positioning there. We're going to be bearish below $194.50, target $194, $192.52, this $2.2 million, $191.65, $190.76 is our 2. Then we've got $190.17 here is a $3.6 million. 189.84 is the retracement to the 4 and the 8 exponential moving average here on the daily chart. That should be some support there, so look for a bounce if you're catching this retracement. 189.28 is a CAM, and then we've got 188.64's retracement to R1, and we're getting into our peanut butter and jelly, our 200 exponential, 200 simple moving averages. These will kind of converge as this price action moves down Offering support. So if we bounce off of this, these are great for for support and resistance. So if we're bearish and we're coming up to it, and it starts turning over increasing volume, that's great. And then but it can also be support back to those two hundreds and moving up on your intraday. Okay, there you have Nvidia. Let's go ahead and look at our friend the Spy. Okay, so SPY, similar sort of thing. The market liked Nvidia earnings, so I think Nvidia is like 7% of the SPY. It's 9% of the Q's, so the SPY is very heavily tech weighted as well. And so we can see this sort of setup as well, same as Nvidia, right? You have these prints here going back. Well, this one's going back to September. Then we had this big pullback to the 50 in October, October 10th. But then here we've got this accumulation pattern here, moved up, sold off a little bit, but came back to all of these print levels here. Inverted hammer was bullish at the bottom, increasing volume here. Looks like it's bottoming out. And then this one took off as well. So we're moving our— moving on up. Let's see what actually happens. Let's map this out on both sides for an intraday trade. So I'm going to be bullish above 670.150. We're moving up there now. Why I picked that is we've got these massive prints here, we've got a CAM, and so we've got 10.5 million here and this R2 at 670.150. So let's see if we can get above this, maybe pull back Do a break and retest, you know, because the first test it'll pull back, break, retest, move higher. And so we've got 671.65, so we'll just be careful there. 672.50 is the 30 simple moving average on the, on the daily. And then 674, 675.05 is a 5.5 million share trade. 676, 676.52 $6.8010 is R3, so this is bullish. We can break through this, and that's a really nice trade up here. That's, uh, $8.50 for you if you want to take that one. Okay, bearish blow, $6.6850. Let's get below this target. $6.68, $6.6736 is a CAM. $6.6707 is this R1, but it's also retracement to the 4 exponential moving average here. $660,651. $664.99 is a cam. We're over here now. $664.21. $664 is a 1.1 million. So here we've got our PB&Js, 200 simple, 200 exponential. We've got this, we've got prints there, so we've just got to be careful. Uh, $663.42 is a cam and $662.91 is retracement to the pivot. And then below that, look at all of this support for prints. I've got some smaller ones here. I was watching the SPY the other day, 93,000, 150,000. But look at these other ones that are in there: 6.7 million, 4.9 million, 882K. So this is heavy here for institutional interest. So the pivot here would be, for me, the end of the run and also Look at back here, this, uh, this test of it as well. That's a— that's another low. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff, and we will see you this afternoon with the results of our trade setups. All right, happy trading.
