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US Banks: Reading the Reaction to EarningsEvery earnings season there is an understandable temptation to focus on whether a company beat analyst expectations. Earnings per share, revenue and guidance all matter, but they rarely tell the whole story. Once the numbers have been released, the market immediately begins answering a different question: were those results already reflected in the share price?
The quickest way to answer that question isn't by reading another earnings report. It's by studying the price action. This week's earnings from JPMorgan and Goldman Sachs provide two excellent examples of why the market's reaction often reveals more than the headline numbers themselves.
The Opening Move Isn't Always The Final Verdict
One of the easiest mistakes to make during earnings season is assuming the first move after the opening bell will define the day.
In reality, the opening reaction often reflects a battle between short-term traders taking profits, investors repositioning portfolios and institutions digesting new information. It can take several hours before the market reaches a clearer consensus.
JPMorgan demonstrated that perfectly.
Despite reporting another strong quarter, the shares initially traded lower before buyers gradually regained control throughout the session. By the closing bell, the stock had completely reversed the early weakness, producing a large bullish engulfing candle and finishing back at swing highs.
The earnings report didn't change during the day.
The market's interpretation of those earnings did.
JPMorgan Daily Candle Chart
Past performance is not a reliable indicator of future results
Rather than focusing solely on the earnings beat, the more useful observation is how quickly buyers absorbed the initial selling pressure. The recovery back towards the highs suggests the market remained comfortable paying premium valuations despite an early bout of profit taking.
Strong Results Don't Always Produce The Same Price Action
Goldman Sachs produced a very different reaction.
Instead of opening weak before recovering, the shares immediately attracted buyers following another impressive set of results. The stock gapped higher, strengthened throughout the trading session and broke above previous swing resistance before closing near the day's highs.
Both JPMorgan and Goldman Sachs delivered excellent quarters.
The difference wasn't the quality of the earnings.
It was how buyers responded once trading began.
This is an important distinction because earnings season isn't simply about whether companies beat forecasts. Positioning, expectations and investor sentiment all influence how the market chooses to respond after the announcement has been released.
Goldman Sachs Daily Candle Chart
Past performance is not a reliable indicator of future results
Unlike JPMorgan's recovery session, Goldman Sachs displayed immediate institutional demand. The breakout above previous resistance suggests buyers were prepared to build on the existing uptrend rather than waiting for further confirmation.
Read The Price, Not Just The Report
Bank of America delivered another useful reminder of this principle. Like JPMorgan, the shares initially weakened before recovering strongly into the close, reinforcing the idea that the opening reaction is not always the market's final verdict.
Perhaps that's the biggest lesson from the opening week of earnings season.
Markets don't reward companies simply for producing good results. They reward companies that exceed the expectations already reflected in their share price, and the easiest way to judge whether that has happened is often through the price action itself.
A stock that recovers from early selling to finish near its highs tells a very different story from one that gaps higher before fading into the close. Likewise, a stock that breaks to fresh highs immediately following an earnings release suggests buyers are prepared to continue paying higher prices despite already elevated expectations.
For traders, those subtle differences often provide more useful information than the earnings headlines themselves. Learning to read the market's reaction rather than simply the company's results can offer a valuable insight into institutional sentiment, helping distinguish between a positive earnings report and a genuinely bullish market response.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
SpaceX's Starts to Trend Lower as Post-IPO Slump ContinuesSpaceX has slipped below the level where shares first began trading, extending a sharp reversal from last month's post-IPO rally. While the headlines remain mixed, the price action suggests the market is beginning to place greater emphasis on execution than ambition.
The IPO Narrative Begins to Evolve
The first few weeks following a high-profile IPO are often driven more by expectation than evidence. In SpaceX's case, investors were buying into a long-term vision centred around reusable launch technology, AI infrastructure and orbital data centres. That optimism helped propel the shares almost 50% above their opening trade within days of listing.
Over the past three weeks, however, the tone has started to change.
Supportive developments, including SpaceX's inclusion in the Nasdaq-100 and regulatory progress towards the next Starship flight, have struggled to generate sustained buying. Instead, the conversation has increasingly shifted towards profitability, execution and whether the company's longer-term ambitions can justify its valuation.
That change in focus is often worth paying attention to. Markets rarely abandon a growth story overnight. More commonly, confidence begins to fade when positive news no longer produces positive price action.
Support Gives Way
The four-hour chart now reflects that shift in sentiment.
Following the initial post-IPO rally, SpaceX spent almost three weeks repeatedly finding demand around its opening trading price, establishing a clear area of support. This week's break below that level changes the technical picture. Former support now becomes the first area buyers need to reclaim, while the sequence of lower highs established since the June peak remains firmly intact.
With the opening price now surrendered, attention naturally shifts towards the official IPO price. There is no guarantee buyers will step in at that level, but it now becomes the next obvious historical reference point after much of the post-listing optimism has already been unwound.
SPCX Four-Hour Candle Chart
Past performance is not a reliable indicator of future results
The one-hour chart helps refine that picture.
Price continues to trade beneath both the 9 and 21-period exponential moving averages, while every recovery over the past week has struggled to develop into anything more than a brief bounce. Rather than seeing signs of panic selling, the decline has remained relatively orderly, suggesting supply continues to emerge on rallies instead of through outright capitulation.
That leaves the former opening price as the first level to watch. A sustained move back above it would suggest buyers are beginning to reject the breakdown. Until that level is reclaimed, current price action continues to reflect seller control, with recent rallies presenting as retracements within the existing structure rather than confirmed reversals. The official IPO price sits below as the next chart reference point.
SPCX One-Hour Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
It's a time for PAYPAL - 23% potential profitOn the 4H chart of PYPL, the price appears to be forming a potential local bottom around the $44 area after a prolonged downtrend. The stock is holding above a key support zone, while the RSI remains in a neutral range following previous oversold conditions, which may indicate growing potential for a bullish rebound.
In addition, the price is starting to stabilize near the short-term moving average, and each recent bullish reaction is creating higher lows. If the stock manages to break above the $46–47 resistance zone with stronger volume confirmation, the market could initiate a move toward $50 and potentially continue higher toward the $55 level.
The $55 target looks technically achievable because:
it aligns with a previous major resistance zone,
it would represent a recovery above the 50-period moving average,
it offers approximately +23% upside from current price levels.
The key condition for the bullish scenario is holding the $43–44 support area. As long as this zone remains intact, momentum may gradually shift in favor of buyers.
Potential TP: 55 USD
Disclaimer:
This analysis is for informational and educational purposes only and should not be considered financial or investment advice. Trading and investing involve risk, and past performance does not guarantee future results. Always conduct your own research and manage risk appropriately before making investment decisions. 
Long
Arista - Every GPU in the World Needs This Stock (ON SALE!!)ANET — 20% Correction, Unbroken Thesis | Breakout Retest at Key Confluence
NYSE:ANET has been trading in a well-defined long-term ascending channel, consistently respecting both boundaries. After testing channel support in April 2025 it launched a powerful bull run, peaking in October 2025. A multi-month consolidation followed before price broke out of the range. Classic pattern, it then retraced 20%+ to retest the breakout level.
That retest is happening right now at a triple confluence:
→ Horizontal support - former resistance turned support
→ Bollinger Band Basis - 20MA converging at exactly the same level
→ Ascending channel structure intact beneath
Support is holding. If it confirms we take a position.
Setup:
Entry $140-150 (confirmed rebound only) | Stop $125 (weekly close) | Target $260-290 (upper channel) | Next support if fails: $110-115
Probabilities:
🟢 Support holds → channel top — 60%
🟡 Consolidation at support — 20%
🔴 Breakdown → $110-115 — 20%
Why did it correct 20%?
Not fundamentals - sentiment and positioning.
The stock had already rallied 87% in a year and 34% in a single month. An impossibly high bar. Q1 2026 actually beat estimates, revenue $2.71B vs $2.62B expected, up 35% YoY, record operating cash flow of $1.69B. The CEO called it the best demand environment of her career. Yet the stock fell 14% on earnings day.
Why? Supply chain constraints on wafers, memory, and optical components are pressuring near-term margins. And guidance, while raised to $11.5B for the full year, fell short of the inflated expectations baked into the valuation. Classic sell the news after a parabolic run. The broader AI sentiment correction did the rest.
The business did not break. The multiple did.
Why could it rebound?
After the correction Arista trades at ~30x forward earnings, back to its historical average. The premium is gone. What remains is a company with $8.9B in contractual purchase commitments, AI networking revenue doubling to $3.5B in 2026, and $700B in hyperscaler AI capex flowing directly through its order book. Supply constraints are temporary. Demand is structural.
Google is reportedly becoming a significant new customer, which would reduce the Microsoft/Meta concentration risk that has been a persistent concern. The new XPO product delivers 8x bandwidth at 75% fewer racks, purpose-built for exactly the AI data centres being constructed right now.
53% of analysts rate it Strong Buy. Zero sells.
Confirmation signal: Weekly close above $155 on elevated volume.
Discipline over anticipation, we wait for confirmation before entering. 
Long
IBM (D) — the 25% crash lands on major supportNYSE:IBM
IBM comes into this session after one of the most violent sell-offs in its recent history, a drop of close to 25% that carries it from the 290 area to the current close at 217.07, all on volume that runs five times its daily average. That gap does not fall into thin air, it lands right on a structural support confluence, so this reads as a capitulation rather than a simple broken trend. On the daily timeframe price trades below the entire moving average stack, with the EMA 9 (275.44) and the EMA 20 (276.51) above the EMA 50 (268.04) and those over the EMA 100 (263.90) and the EMA 200 (262.64), a stack that has not reacted to the gap yet and stands as a distant ceiling. Momentum follows the fall. The MACD has turned to a bearish cross with its main line (2.12) below its signal (6.43) and a negative histogram, and the TRIX confirms the shift with its own downward cross. The fast stochastics have collapsed, with the 5 period at 12 and the 14 at 43, while the RSI 2 prints an extreme oversold reading (2.26) and the RSI 14 leans on the edge (30.35). The nuance comes from flow. The daily A/D still keeps its fast line (39.98) above the slow one (24.23) with a positive histogram, a sign that months of accumulated flow have not flipped in a single candle.
Monthly Analysis. On the larger timeframe the underlying structure is still constructive despite the damage. Price holds above the monthly EMA 50 (206.26), one of the references that defines the primary trend, and well above the EMA 100 (167.32) and the EMA 200 (130.96). The monthly candle is a huge range with a wide lower wick, reflecting that the drop found buyers near the lows. The monthly MACD keeps both lines positive even as the histogram begins to turn, and the monthly A/D remains at very high accumulation levels, with the fast line (81.69) just below the slow one (86.36), meaning an underlying flow that is only beginning to lose momentum. The monthly RSI 14 stays neutral (46.58). This is the frame that supports the idea that this is a severe correction inside a larger structure still alive.
Weekly Analysis. The intermediate timeframe is where the battle is fought. The sell-off pierced the weekly EMAs 9, 20, 50 and 100 in one move, clustered between 243 and 260, but price braked right on the weekly EMA 200 (209.29), the line that separates structural health from deep deterioration. The close at 217.07 leaves a narrow margin over that average, with the candle low (213.22) nearly touching it. The weekly MACD still keeps its histogram positive, a sign that the prior bullish impulse is not fully broken, and the weekly TRIX holds the fast line over the slow one. The warning comes from flow. The weekly A/D has already turned negative, with the fast line (-45.24) below the slow one (-19.52), which means the medium term has entered distribution. The picture is that of a critical support defended for now, but with the clock running.
4-Hour Analysis. The tactical timeframe reflects the short-term exhaustion. Every stochastic sits in oversold territory, with the 14 period and the 5 below 13, and the RSI 2 prints a near-absolute low (0.94) with the RSI 14 at 21.56. The 4-hour A/D already works in negative, consistent with the recent selling pressure, but the last candles show stabilization between 216 and 220 rather than direct continuation lower. That is the reading that suggests a first technical reaction may be close, as long as the 213 zone holds.
IBM is one of the most veteran technology infrastructure companies in the market, with a business that blends hybrid software, consulting and its historic systems franchise, and with enterprise artificial intelligence and the hybrid cloud as the axes of its growth narrative. A drop of this magnitude in a single session, paired with volume that runs five times the average, reflects an abrupt repricing of expectations by the market rather than a solvency problem. The move erases months of gains at once and sends the quote back to levels seen at the start of the year. For the technical thesis what matters is that this repricing has driven price precisely into the zone where the higher timeframe kept its supports, which turns the coming closes into the test of whether the market considers the punishment enough.
Key levels:
- Immediate resistance: 226-230 (breakaway gap and first target)
- Intermediate resistance: 242-243 (prior supply zone)
- Major resistance: 256-262 (long daily averages)
- Origin of the sell-off: 285-308 (supply of the breakdown)
- Immediate support: 215-217 (reference demand zones)
- Structural support: 209 (weekly EMA 200)
- Primary support: 206 (monthly EMA 50)
- Lower support: 185 (next protected structure)
Setup Rating — 3/5 ⭐⭐⭐⭒⭒ (Technical bounce with very clear structural support and extreme oversold, but with the short-term trend broken and medium-term flow turned to distribution)
✅ Positive factors:
- Major support confluence between 206 and 217, with the weekly EMA 200, the monthly EMA 50 and the demand zones coinciding
- RSI 2 at an extreme oversold reading on both the daily and the 4-hour
- Monthly A/D still in a high accumulation zone, with underlying flow intact
- Daily A/D with the fast line still above the slow one despite the fall
- Capitulation volume, typical of seller-exhaustion zones
- Primary monthly structure intact above the EMA 50
⚠️ Cautions:
- Simultaneous loss of the whole daily average stack in a single candle
- Weekly A/D already turned to distribution, with the fast line below the slow one
- Daily MACD and TRIX in a bearish cross, short-term momentum clearly negative
- Breakaway gaps often act as resistance on the first attempts
- Abrupt repricing of expectations that may need time to build a base before a reliable floor
👍 As long as the 213 to 206 zone holds on closes, the oversold extreme favours a technical reaction toward the 226 to 230 gap. Clearing that band would open the path to the 242 to 243 supply block, with the long daily averages between 256 and 262 as the larger target of a more ambitious recovery. The support from the monthly and daily A/D backs this scenario as long as price does not lose the structural support.
👎 A weekly close below 206 would break the support confluence and confirm the weekly A/D turn to distribution, leaving price without references down to the 185 zone and, lower still, toward the 167 of the monthly EMA 100. It would not be an invalidation of the business, but a deeper correction that would need time to build a base before any attempt at a floor. Above 206, every drop remains a test of support inside a larger structure still alive.
At which level would you consider a first entry, or would you rather wait for the support to confirm? 👇 
Long
Week 29 of 52 | LCID | One Rumor Nearly Erased the StockNASDAQ:LCID just gave investors one of the wildest sessions of the year.
The stock collapsed toward $2.37 after bankruptcy rumors spread across the market.
Then Lucid responded.
The company denied the report, called the rumors false and said it has enough liquidity to continue operating well into 2027.
The stock immediately recovered toward $4.60.
But here is the important part:
The bankruptcy rumor was denied.
The financial problems were not.
Lucid still has to deal with heavy cash burn, constant financing needs, dilution risk and a business that has not yet proven it can become profitable.
Technically, the long-term trend remains bearish.
The massive volume near $2.37 could represent capitulation, but one violent rebound is not enough to confirm a bottom.
Bullish scenario
If LCID holds above $4.00–$4.60, buyers could attempt a move toward:
$5.75
$7–$8
$10–$11
But even a move toward $10 would still be a recovery inside a much larger downtrend.
Bearish scenario
If LCID loses $4.00 again, the market could retest:
$3.25
$2.37
New lows if liquidity concerns return
My view:
LCID is now a high-risk speculation, not a quality investment.
The rumor may have been false, but the market’s reaction showed how little confidence investors currently have in the company.
This could produce a strong relief rally.
But until Lucid improves cash flow, production and profitability, every rally remains vulnerable.
Support: $4.00 – $3.25 – $2.37
Resistance: $5.75 – $7/$8 – $10/$11
⚠️ Educational purposes only. LCID remains highly speculative. 
Long
AAPL Is About to Pick a Side — Breakout or Trap?AAPL is sitting near a major decision zone, and today’s price action could create opportunity in either direction.
In this premarket breakdown, I’m walking through my complete AAPL trade plan using the PD-15 range, opening range breakout, retest confirmation, relative volume, and clearly defined profit targets.
The key levels I’m watching are:
PD-15 High: 315.72
PD-15 Low: 314.56
Call Targets:
TP1: 318.46
TP2: 319.76
Put Targets:
TP1: 311.96
TP2: 310.66
The plan is simple:
Above 315.72, buyers have an opportunity to maintain control.
Below 314.56, sellers may have room to push price lower.
Inside the PD-15 range, I’m staying patient and avoiding unnecessary chop.
I’m not entering simply because price touches a level. I’m waiting for the opening range to form, a confirmed breakout with displacement, a clean retest, confirmation, and supporting volume.
Opening Range. Displacement. Retest. Confirmation. Volume.
That is the process.
If this breakdown helped you prepare for the trading day, like the video, subscribe to the channel, and share it with another trader who needs a clear plan before the bell.
This is You Got Options.
Study the levels. Wait for agreement. Trade with discipline.
#AAPL #AppleStock #OptionsTrading #StockOptions #DayTrading #Premarket #TradingStrategy #PriceAction #OpeningRangeBreakout #YouGotOptions
DISCLAIMER: This content is for educational and informational purposes only and should not be considered financial, investment, or trading advice. I am not a licensed financial advisor. Trading stocks and options involves substantial risk and may not be suitable for every investor. Past performance does not guarantee future results. Always conduct your own research, manage your risk, and consult a qualified financial professional before making financial decisions.
Long
Microsoft Corporation (MSFT): Positioned to BenefitMicrosoft Corporation (MSFT): Positioned to Benefit From the Rotation Into Software
Industry: Software and IT Services
Ticker: #MSFT
Price at the time of analysis: $384.36
Target price: $430.00
Stop-loss: $355.00
The second half of 2026 began with a notable rotation within the technology sector. Investors have been taking profits in overextended semiconductor stocks and reallocating capital toward software stocks that have sold off sharply.
By early July, the performance gap between the Philadelphia Semiconductor Index (SOX) and the iShares Expanded Tech-Software Sector ETF (IGV) had widened to historically unusual levels. Investors are now increasingly rotating toward software companies whose shares trade at more attractive valuations.
Against this backdrop, Microsoft, whose shares have declined by more than 20% year to date, could become a major beneficiary of the rotation.
At the same time, the company’s fundamentals continue to improve. Growth across Microsoft’s core businesses is accelerating, while Azure and growing demand for AI infrastructure remain the primary drivers.
Microsoft’s quarterly earnings release on July 29 could provide an additional catalyst. Investors will focus primarily on Azure’s performance, capital spending, and management’s outlook for continued demand for AI infrastructure.
Company Overview
Microsoft (MSFT) is the world’s largest software company and one of the leading providers of cloud services.
The company’s core business drivers are Azure, Microsoft 365, and Windows, which support consistent revenue growth and strong margins.
Microsoft’s key competitive advantage is its position as a major beneficiary of AI adoption. Unlike semiconductor manufacturers, Microsoft directly monetizes growing AI demand through Azure and Copilot. This makes the company less dependent on the capital-spending cycles of hyperscalers.
Investment Thesis
The performance gap between the semiconductor and software sectors has reached a historical extreme, increasing the likelihood of a rotation into software stocks.
Over the past year, the Philadelphia Semiconductor Index (SOX) has gained approximately 130%, while the iShares Expanded Tech-Software Sector ETF (IGV) has declined by 16.7%. This represents one of the widest performance divergences on record.
The first signs of a rotation back into software emerged in early July. Investors have begun taking profits in semiconductor stocks and increasing their exposure to high-quality software companies.
We believe Microsoft, as the largest enterprise software company and a major beneficiary of artificial intelligence, could be one of the main beneficiaries of these inflows.
Historically Low Valuation and Upcoming Earnings
Microsoft’s historically low valuation and upcoming earnings report create an attractive entry point.
The stock trades at an NTM P/E of approximately 19.6x, its lowest multiple in a decade and broadly in line with its 2016 valuation.
Meanwhile, the consensus analyst price target stands at $557, implying upside potential of more than 45%.
Another important catalyst will be the company’s fiscal Q4 2026 earnings report, scheduled for July 29.
Consensus estimates call for:
• Revenue of $87.7 billion
• Earnings per share of $5.88
Management has guided to Azure growth of 39–40% in constant currency.
Azure growth has consistently exceeded market expectations in recent quarters. Another strong earnings report could therefore drive a rerating of the shares as investors continue rotating into software stocks.
Investors will also closely monitor Microsoft’s fiscal 2027 capital-spending outlook.
We believe a moderate increase in CapEx compared with fiscal 2026 would likely be received positively by investors. It would confirm continued strong demand for AI infrastructure without causing a material deterioration in profitability.
Bottom Line : We rate Microsoft Buy with a price target of $430.
We recommend setting a stop-loss order at $355. 
Long
NVDA Held The Reclaim, Coiling Under 212.55.NVDA Held The Reclaim, Coiling Under 212.55.
Nvidia held everything it took back yesterday. After running to 212.55 it is consolidating at 211.58, sitting on top of the reclaimed 207.59 with the high just overhead. The daily has flipped to a bullish thesis with strong top-quartile conviction, but two things keep this honest: the daily is reading DISBELIEF, meaning the move has run ahead of participation, and an old bear print is still standing on the daily, uncleared. Momentum reclaimed, belief not yet. Neutral.
Resistance: 212.55 - yesterday's high
Key resistance: 213.43 - the shelf above
Current price: 211.58
Support: 207.59 - reclaimed, the line to hold
Key support: 204.82 - interior support
Structural floor: 202.20 - the base, breakdown invalidation
Two paths from here:
The coil breaks up through 212.55. If NVDA holds 207.59 and pushes the high, the failed breakdown becomes a trend leg and 213.43-plus opens. Disbelief resolving into belief is the fuel for that move.
The disbelief wins and it slips back. An uncleared daily bear print plus disbelief at the highs is an overhang, not a green light. A loss of 207.59 puts 204.82 and the base back in view, and the day reads as a bounce that stalled.
NVDA took back the entire drop and is holding it. The tell now is whether belief catches up to price - through 212.55 says yes, back under 207.59 says not yet.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice. NAUFF - A Major Confluence Is Approaching!NAUFF remains within its broader bullish structure, with price continuing to trade above the rising green trendline acting as long-term non-horizontal support.
At the same time, the stock is currently moving through a corrective phase defined by the falling wedge pattern marked in red.📊
This correction is now bringing price closer to a particularly important technical area formed by the intersection of:
1️⃣ The rising green trendline
2️⃣ The lower boundary of the red falling wedge
3️⃣ The psychological $1 round number
4️⃣ The previous all-time high, which may now act as support
📌As NAUFF approaches this intersection , the area could become a significant decision zone for the stock’s next directional move.
An additional bullish signal is also developing on the MACD .
While price has continued forming lower lows within the correction, the MACD histogram has been forming higher lows, creating a potential bullish divergence. This suggests that bearish momentum may be weakening, although price confirmation is still required.⚡
As long as the broader support intersection continues to hold, the bullish structure remains intact and we will be watching for trend-following long setups.🐂
However , the correction has not yet been fully invalidated.
🎯For the bulls to regain stronger control and confirm the beginning of the next major impulsive movement, price would need to break and close above the upper boundary of the red falling wedge.
Such a breakout would confirm that buyers are overcoming the current corrective structure and would increase the probability of renewed bullish continuation.
📌 Gold has also been added to the chart for broader sector context.
NevGold is an exploration and development company with meaningful exposure to gold through projects such as Limousine Butte, Cedar Wash, and Nutmeg Mountain. For that reason, gold’s broader price structure can provide useful context when evaluating sentiment toward the company and the wider gold-exploration sector.⛏️
Gold is currently approaching an important support area of its own, which may provide a more constructive backdrop for gold-focused exploration companies if buyers begin defending that zone.
However , NAUFF should still be evaluated on its own technical structure, as the stock may not move in direct correlation with gold at all times.
In brief, NAUFF remains broadly bullish while trading above its rising trendline. The intersection near the $1 round number and previous all-time high could become an important support area, while a confirmed breakout above the falling wedge would provide stronger evidence that the next bullish impulse is beginning. 📈
⚠️ Disclaimer: This analysis is provided for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Technical conditions can change, and no outcome is guaranteed. Always conduct your own research and manage risk appropriately.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr 
Long
Long
JPMorgan Just Proved Why It's Still the King of Wall StreetJPMorgan turned in another standout quarter, beating expectations across the board
Net revenue climbed 28% year over year to $57.3 billion, topping estimates by $6.7 billion
Noninterest income:$31.8 billion, up 47%, helped by a one time $4.6 billion gain from its Visa investment also Net interest income (NII) is $25.5 billion, up 10%
Net income reached $21.2 billion, up 41% from a year ago
Adjusted EPS came in at $6.14, beating estimates by $0.34
📈 Trading delivers a record quarter
JPMorgan's equity trading business had its best quarter ever, generating $6.0 billion in revenue, up 86% from last year and ahead of even the most optimistic analyst forecasts. Total trading revenue hit a record $12.1 billion, up 35%. Market volatility that followed the Iran conflict, along with sharp moves across global markets including South Korea, created ideal conditions for the bank's trading desks
💳 A major boost from Visa
A long held investment in Visa added $4.6 billion in gains, while other equity investments contributed another $1.0 billion. Reported EPS reached $7.70, although roughly $1.56 came from one time gains. Even without those gains, JPMorgan still produced an impressive 23% return on tangible equity, showing the core business remains exceptionally profitable
🚀 Investment banking regains momentum
Investment banking fees rose 30% to $3.3 billion, helped by the blockbuster SpaceX IPO, heavy index rebalancing activity, and strong demand for AI-related financing. M&A advisory revenue increased 20%, although that was slightly below analyst expectations of 27%. CFO Jeremy Barnum described the business environment as "dynamic and interesting" across multiple areas
🏦 Outlook improves
Management raised its full year net interest income forecast to approximately $105.5 billion, up from $103 billion, reflecting the benefit of higher interest rates lasting longer than previously expected.
Consumer credit also remained healthier than expected. The projected card net charge off rate improved to around 3.2%, down from 3.4%
💸 Higher spending comes with higher activity
JPMorgan increased its full year expense guidance to about $107.5 billion, compared with the previous $105 billion forecast. Management said the higher costs reflect increased business activity rather than operational issues, as stronger client demand required additional investment
💰 More cash for shareholders
The bank raised its quarterly dividend by 10% to $1.65 per share and approved a new $50 billion share repurchase program. Its CET1 capital ratio remained strong at 14.1%. With CEO Jamie Dimon previously estimating roughly $40 billion in excess capital, JPMorgan remains well positioned to continue rewarding shareholders while preparing for future Basel III capital requirements
CEO Jamie Dimon: "These results were the product of a particularly favorable environment with an elevated level of market activity, as well as rigorous execution, years of consistent investment, and thoughtful capital deployment"
This was another exceptional quarter for JPMorgan.. Every major business posted record results, and management's updated guidance suggests net interest income has shifted from being a headwind to becoming another source of growth. While the one time Visa gain boosted headline numbers, the underlying business also showed impressive strength, benefiting from active markets, improving investment banking conditions, and higher interest rates.
Long
Long
SpaceX: More Pain Ahead, or the Traditional IPO Trajectory?
SPCX is down 2.2% today to $136, sitting below its $150 IPO opening price and giving back the entire post-listing rally that took it to an all-time high of $225 just weeks ago. Price failed to reclaim the $160-180 midrange and has broken the stock's opening-low zone, with the next visible support levels sitting at $125 and then $100.
This isn't unusual for a mega-IPO , it's structural. Only around 5% of SpaceX's shares are currently floating. The rest unlock in stages: 20% after Q2 earnings (late July/August), 7% employee tranches every couple weeks through October, and a larger 28% release after Q3 earnings. Every one of those dates is a real supply event, and markets tend to price some of that pressure in before it even hits.
Palantir and Rocket Lab both ran the same script after their own debuts ; an early hype spike, a brutal multi-month drawdown as lockups and valuation reality collided, then a real base before any sustained move higher. The first chart rarely tells you where a stock actually settles.
Levels to watch: holding above $125 keeps this a normal post-IPO cooldown. A break below opens $100 as the next liquidity pool. Reclaiming $150+ would be the first real sign buyers are stepping back in.
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