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NVIDIA’s blowout earnings send futures soaring, but a collapse in market breadth from 74% to 37% keeps the official regime call at Cautious. The team breaks down the bond market’s skepticism, a boxed-in Fed ahead of Jackson Hole, and a stock-picker’s playbook centered on confirmed leaders in tech and energy.
Chapter by chapter
Cautious Regime Despite NVDA Blowout
NVIDIA's massive earnings beat drives futures higher, but breadth data keeps the official regime call at Cautious.
Bond Market Skepticism & Fed Squeeze
Flat yields signal bonds see NVDA as stock-specific, while firm jobs data and hot core PCE box in the Fed ahead of Jackson Hole.
Breadth Collapse & Sector Concentration
Stocks above the 20-day average crater from 74% to 37% in one session as tech concentration and a potential semiconductor tariff raise risk.
Earnings Winners & Energy Leadership
CrowdStrike, Salesforce, and Dollar General post strong beat-and-raise results while Energy quietly emerges as a non-tech leadership pocket.
Continuation Scan & Trade Playbook
Energy-heavy Continuation scan names, CRT and T3A action codes, and a scenario plan for gap-up versus gap-down into tomorrow's Fed keynote.
Key points
Regime remains Cautious despite NVDA's 100%+ revenue growth and blowout pre-market pop, because breadth is flat and mega-cap-led.
Stocks above the 20-day moving average collapsed from 74% to 37% in a single session — a major internal warning sign.
The bond market isn't validating the AI rally as macro news; the 10-year is pinned flat at 4.66%.
Info tech at 37.9% of the S&P plus a reported new semiconductor tariff creates concentrated tail risk in the market's biggest leadership sector.
Playbook: use CRT (Controlled Risk Taking) to trade confirmed leaders like NVDA, CRM, and Energy names such as DINO, CVI, and ITT, while using T3A to position ahead of Fed Chair Warsh's Jackson Hole keynote.
See NVDA in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open NVDA in WaveFinder.
See CRM in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CRM in WaveFinder.
See CRWD in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CRWD in WaveFinder.
See DG in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open DG in WaveFinder.
See DINO in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open DINO in WaveFinder.
See CVI in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CVI in WaveFinder.
See ITT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open ITT in WaveFinder.
See MDGL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open MDGL in WaveFinder.