Supersonic Gains From The Biggest Military Spending In Years!

Plus, Chuck drops a hot tip on NVDA!

China has pulled ahead in the hypersonic missile race… This unprecedented shift in military muscle means the US needs to catch up —and FAST! This race could mean certain US defense stocks could soon deliver huge gains… Click here to get my picks right now!

For today's Trade of the Day, we will be looking at a Moving Average Convergence/Divergence (MACD) and daily price chart for NVIDIA Corporation (NVDA). As the chart shows, NVDA is in a price uptrend as the 24/52 day MACD line (black line) is above the 18-Day Exponential Moving Average (EMA) (purple line). The MACD chart is shown below the daily price chart. MACD uses moving averages to create a momentum indicator by subtracting the longer-term moving average from the shorter-term moving average. The MACD is calculated by subtracting a stock's longer term 52-Day EMA from its shorter term 24-Day EMA. This creates the MACD line. The 18-Day EMA line functions as a buy/sell 'trigger': When the 24/52 Day MACD line crosses above the 18-Day EMA line it indicates positive momentum and higher prices for the stock. When the 24/52 Day MACD lines crosses below the 18-Day EMA it indicates negative momentum and lower prices for the stock. MACD is more of a leading indicator than a moving average cross over which tends to lag price movement. Also included in a MACD chart is the histogram bar graph. This portion of the chart helps to illustrate the distance between the 24/52 Day MACD and the 18-Day EMA. When a crossover initially occurs, the histogram's bar will be near flat as the two indicator lines have converged. As the lines begin to separate, the bars grow in height, indicating a widening gap and acceleration for the stock's momentum. When the histogram's bars begin to shrink this indicates a narrowing of the gap between the 24/52 Day MACD and the 18-Day EMA and a slowing of the stock's momentum. When the gap between the two indicators begins to narrow, this typically indicates a crossover of the indicator lines could happen soon. As long as the 24/52 Day MACD line remains above the 18-Day EMA, the stock is more likely to keep trading at new highs in the coming days and weeks. As we can see from this chart, NVDA's bullish run is likely to continue, the stock should be purchased. Our initial price target for NVDA stock is 280.00 per share.

We'll be using a pivot for the month of 4608 on the ES (S&P 500 futures). That is the new monthly open. This week we have Fed news with an announcement on Wednesday and we have the Unemployment Reports on Friday. The biggest non-economic scheduled news is what Congress will do with the Build Back Better plan. The highlight of the week will be all eyes on the Virginia election on Tuesday. Tomorrow, for my TBUZ All Stars I will release my strategy for the 5 stocks MSFT, BAC, LIT, ORCL long and QSR short using the strategy of a married put. Here's a replay of last Wednesday night if you want to get involved. ~ TBUZ

Keep an eye on billboard advertiser LAMAR (LAMR) to cross back over its 50-day moving average for a test back up to the $120 area. Earnings announcement arrives Wednesday morning for this seasonally strong and dividend strong payer.

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