$NVDA

Active traders who trimmed into strength could consider buying NVDA back today if it holds the 8-day MA and support near 234.

BullishHe framed it in days
“Scott Redler’s #630club - LIVE Premarket Stock Market Update”
T3 LivePublished Oct 8 · 4 passages

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Nvidia's, you know, Nvidia will be important today. Nvidia one that was another money trade. And the video was a good trade for me uh last week. Really good. You know, we were buying it versus the 8day.

Had um 23750s, 240 calls on sold most. Have a little left over. It's trying to see if it could hold the 8day. Still above the 8day. Still acting well. So today will be interesting.

Can Nvidia um hang in there? I do have a little Nvidia on. Not a lot. Um there's also the buyback. It's been acting better. So, there's been a way to, you know, gain a little bit of the mechanics.

Like yesterday, I bought some and at 9:35 when the buyback machine goes on, it pushed up, almost went green, but I didn't fall for it. I just bought what I sold and stayed with it.

And, you know, mechanically, there was a way to make some money there. So, this is 235. This is, you know, two, if this is going to be okay and not sloppy, you know, it's going to hold this 234 area and then maybe even reclaim yesterday's low of 23638.

So actively, not if you've been in Nvidia for 5 years, not if you bought it when Kramer named his dog Nvidia or when my brother bought it years ago, but if you've been trading it, you would think it you could be a buyer today, especially if you reduced it.

You know, if you reduced it to strength, you know, as it was extended, which is what you're supposed to do using a tier system, you could buy some back.

Anyway, take Nvidia for next week. Yeah, I think if someone's like, "What what would you do here? Today's Thursday. If you're going to buy Nvidia and you think the market's going to hang in there and get better, you almost want to even go don't even go next Friday.

Go the Friday after. you know, buy the 245s. You know, you buy it into weakness options. Buy the 245s. Gives you time. If anything's going to be pretty good, that should be pretty good.

If that's not good, not a lot's going to be good. So, I like that idea.

Michael Bur, if you scratch your head, Michael Bur is shorting Palunteer and Nvidia. Two pretty damn good names. So if you're following a guy like that, make sure you have a plan because you might not be able to stay solvent as long as he continues to cost average his things. You might get blown out of the water.

Got to watch rates. Got to watch oil. See if Nvidia holds this morning and goes green. That would be helpful.

Watchpoints

Price action relative to the 8-day moving average and 234 support level

What this channel has said about $NVDA

T3 Live has 13 calls on this stock; only the adjacent ones are shown.

2026-10-08BullishThis one
Nvidia's, you know, Nvidia will be important today. Nvidia one that was another money trade. And the video was a good trade for me uh last week. Really good. You know, we were buying it versus the 8day. Had um 23750s, 240 calls on sold most. Have a little left over. It's trying to see if it could hold the 8day. Still above the 8day. Still acting well. So today will be interesting. Can Nvidia um hang in there? I do have a little Nvidia on. Not a lot. Um there's also the buyback. It's been acting better. So, there's been a way to, you know, gain a little bit of the mechanics. Like yesterday, I bought some and at 9:35 when the buyback machine goes on, it pushed up, almost went green, but I didn't fall for it. I just bought what I sold and stayed with it. And, you know, mechanically, there was a way to make some money there. So, this is 235. This is, you know, two, if this is going to be okay and not sloppy, you know, it's going to hold this 234 area and then maybe even reclaim yesterday's low of 23638. So actively, not if you've been in Nvidia for 5 years, not if you bought it when Kramer named his dog Nvidia or when my brother bought it years ago, but if you've been trading it, you would think it you could be a buyer today, especially if you reduced it. You know, if you reduced it to strength, you know, as it was extended, which is what you're supposed to do using a tier system, you could buy some back.
2026-10-07Bullish
What do you see happening with Nvidia?
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