A look at NVDA’s split history 📉

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Happy Hump Day, Folks!

There are three words that define what it means to be an industry leader in my business…

They are: daily actionable insights.

I am talking about the kind of insights that none of the so-called “experts” on X and other social media platforms are talking about. 

Like when I informed you, my valuable Bullseye Trades members, before the market opened on Monday that I was seeing a very actionable pattern in the market.

A pattern that only someone with 20+ years of trading experience like myself could easily spot.

I am talking about the market’s tendency to close higher on Monday in recent weeks.

In case you missed it, my exact quote was “Markets have been up nearly every Monday for quite some time now.  When is the last Monday you recall when it opened red?”

Folks, insights like that are invaluable because they help get my members ready for two things:

1. The timing of my weekly Bullseye Trades idea

2. Setting expectations for the initial phase of the trade 

And, as you saw unfold on Monday, these insights joined forces with my weekly Bullseye Trades idea to produce a massive 160% move higher in the ELF Jun 21 2024 calls I alerted you to.

But what about the rest of the week?

What valuable insights am I seeing now that my Bullseye Trades members have been hand-delivered the only trade they’ll have access to this week?

Folks, I haven't seen anyone talk about what I am about to share with you.

So why am I sharing this with my Bullseye Trades members in the middle of the week?

Because I want you to see what you are missing on a daily basis in my Bullseye Unlimited service.

With Bullseye Unlimited, I deliver not just one weekly trade idea, but rather THREE of my best ideas get delivered via email, member dashboard, and the RagingBull app EVERY DAY! 

Now, the observation I am about to share with you may be related to just one stock…

HOWEVER, the implications, should history repeat, could affect an entire industry over a period of several days, and possibly weeks.

Without further ado, here it is.

What I am about to present to you is the history of Nvidia (NVDA) stock splits.

Unless you’ve been living under a rock, you know that on May 22, Nvidia announced it would split its stock by 10-to-1.

Why is this so important?

Well, first and foremost, NVDA has grown so much in recent months that it is now the 3rd largest holding in both the SPY and QQQ ETFs that track the S&P 500 and Nasdaq, respectively.

And since the stock split NVDA will be implementing on June 7th will have NO effect on the company’s valuation and is simply meant to lower the price to attract the interest of more buyers, this pre-event run-up is helping to support the broader market indices.

Laid out on the following set of charts are NVDA’s 5 previous stock splits.

In 4 out of the 5 instances, you’ll notice that shares plunged in the days following the split, to differing degrees.

First, here’s a look at the 2000 and 2001 splits:

Then the 2006 and 2007 splits:

And finally, the 2021 split, which is the only split where NVDA rallied from. Worth noting, however, is that the stock did sell-off leading up to the split from grossly overbought levels:

So what’s the key takeaway here?

Well, besides the fact that there is no guarantee that history’s 4 out of 5 negative post-split reactions will repeat in 2024, the odds are stacked in favor of this possibility, given how extended NVDA is.

After 20+ years of trading, I know how Wall Street’s biggest players work.

Right now I am looking for any evidence that they will use this event to take profits on long positions they’ve been holding for months. 

As I revealed on the charts above, if NVDA’s upcoming split were to ignite turbulence similar to what has happened 4 out of 5 times throughout history, it would likely be a market swing that requires trade management over multiple days. 

I plan on being there every step of the way, looking for opportunities to generate ideas related to this event every trading day for my Bullseye Unlimited members. 

Folks, I just have so much fun doing this.

I am on a journey where I am vowing to deliver over 200 TRIPLE DIGIT trade ideas over the next 12 months.

This is the boldest promise I have ever made, and RIGHT NOW is our opportunity to see them from start to finish.

With the market possibly facing another bout of volatility, don’t you think it is in your best interest to start getting ready to not only take advantage but also protect your portfolio?

Don’t you think your trading can rise to where it needs to be by learning from me, a 20+ year trading veteran, how to find the next sectors to shine?

My next “picks” are approaching FAST.

It is extremely important that you don’t let another day go by without my top THREE BEST daily ideas in your corner.

Bullseye Unlimited is a powerful trading education service that I poured my 20+ years of trading into to personally create.

By combining the power of Artificial Intelligence with my technical trading experience and my fundamental background as a trained economist, I find the three trade ideas that I consider to be my BEST ideas each day.

I then share this with my members, along with a detailed plan of how I want to enter, manage, and exit these trades.

Along with detailed emails and the evergreen content found on your Bullseye Unlimited member dashboard, I also provide this information via RagingBull’s state of the art mobile app. 

My next BEST THREE ideas of the day drop in just a few hours.

<<<Join me for my next set of Bullseye Unlimited ideas before this opportunity passes you by!>>>

To YOUR success,

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