NVIDIA To Retest The Highs + 5 Bullish Sector Trades

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 After exposing Friday's OpEx selloff for what it was [link] — a one day 'rebalance' – that's a polite word for we just vaporized your monthly calls — it's time to move on. I've already got a leg up on the bull:

Watch for NVIDIA to rally out of the gate, after it was recently revealed that Donald Trump traded into $NVDA. Bloomberg story linked below.  

Watch for a retest at the 235 level right at the open, then watch for some more profit taking ahead of the Memorial Day holiday.   

$NVDA - 30 min chart - resistance near the recent highs, support at the Goldman Sachs target ($200). 

Among President Trump’s trades in the first quarter were stock market behemoths including Nvidia, Amazon and Apple. He also took a stake in a conveyor belt sushi chain. https://t.co/qdZYkDUOob

— Bloomberg (@business) May 18, 2026

Nancy Pelosi’s name wasn’t mentioned, but if Trump is looking for some pointers… Like my dear old dad always said, ‘if you want to learn how to do something, then learn from the best’!”  😂

Trump says China is blocking Nvidia H200 purchases despite US approval — says country 'chose not to' sanction purchases, pushing homegrown chips instead

10 Chinese firms have U.S. approval to buy H200s, but Beijing won't let them.

(tomsshareware.com - far more reliable than either Bloomberg or CNBC)

As I said over the weekend, "while retail is salivating over $NVDA earnings looking for another AI rocket launch, they may encounter the 'ol bait and switch: 

1. Rotation back into beaten up small caps, even mid-caps, over large caps. 

$IWM (Russell 2000 ETF) has been quietly selling off since early May. Crickets from the Mainstream media. Maybe they were too busy wringing their hands over what Donald Trump might say during the Xi summit, to notice.    

2. Consumer Cyclicals - aka retail - many reporting this week. Watch for explosive upside on, "not as bad as feared" (inflation) earnings.   

3. See all the talking heads trying to steer you away from Bonds- calling it a "global rout? I like bonds. High quality, government backed. Think safety trade.  

$JCPB (JPMorgan Core Plus Bond ETF) Simple way to cash in on the action 

$JCPB JPMorgan Bond Fund

4. $TRAN setting up to rally [already covered here] 

5. The same late cycle rotation, I laid out over the weekend [link]. 

Take care, 

AA 

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