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Morning Brief- 11/9/21: Inflation, NVDA , And Earnings

The Market is up a bit, as it touches new highs again. Inflation is still creeping up, however; gold continues to push into a bullish trend, and yet the 10 year yield continues to climb. This is starting to become very alarming to Wall Street. This is the first time all three factors have come at once, and I am expecting a large pull back in 2022 during the first rate hike. People have been talking about a pullback for a few years, however; not even signals were aligned. Now the deck is starting to get stacked, and I think a rate hike will be the tipping point for a 15-20% down swing , if not more.

#NVDA continues to trend higher, and the pull call spread I talked about earlier, that I put on last week, is extremely profitable right now. It was one of my major trades this week and it is looking great.

#MRNA is rebounding some from the huge downswing last week. I put on a bull call spread last week at the bottom, to try to catch an upswing. MRNA is tinkering with a huge bullish rebound, and should see some gains today or tomorrow , pushing into some profitability.

Earnings is still underway : Here is a recap of what is to come today and the rest of the week:

Tuesday: Cardinal Health (NYSE:CAH), Sysco (NYSE:SYY), Nio (NYSE:NIO), Coinbase Global (COIN), Wynn Resorts (NASDAQ:WYNN) and ChannelAdvisor (NYSE:ECOM).

  • Eyes on Wynn and Coinbase here.

Wednesday,: Performance Food Group (NYSE:PFGC), Wendy's (NASDAQ:WEN), Fiverr International (NYSE:FVRR), Weber (NYSE:WEBR), Disney (DIS), Affirm Holdings (NASDAQ:AFRM), Opendoor Technologies (NASDAQ:OPEN) and Beyond Meat (NASDAQ:BYND).

  • Affirm and Beyond meat will have the most movement.

Thursday: Alibaba (NYSE:BABA), Li Auto (NASDAQ:LI), Coupang (NYSE:CPNG), Yeti (NYSE:YETI) and Pinduoduo (NASDAQ:PDD).

  • Alibaba has recovered some, but still has a lot of upside as its dispute with the Chinese government continues.

Friday: AstraZeneca (NASDAQ:AZN) and Spectrum Brands (NYSE:SPB).

Don't forget to follow my instagram for live trades and blogs: @daytrading_traveler

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