🧪 NVDA Soars, BTC Wavers

Good Morning!

We’re breaking down our positions and the news behind them.

Our recent bullseye with Nvidia (NVDA) saw us soaring with a 25% gain, proving once again why riding the AI wave isn’t just profitable, it’s exhilarating. And in the crypto universe, our prediction on Basic Attention Token (BAT) is already up 22%.

In the wider market, we're also looking at Apple's recent dilemma, with iPhone sales tumbling 24% in China and AAPL stock taking a hit. Bitcoin's rollercoaster ride, cooling off after hitting a dizzying new all-time high above $69,000, is on our radar too. And let's not forget gold, steadfast and shining, hitting all-time highs as central banks add more and more gold to their stockpiles.

Let’s get into it 👇

🌡 Market Temperature Check

📉 Apple’s iPhone sales plummet 24% in China, AAPL stock is down

📈  S&P 500 Blasts Off to New Record After Powell Speech

🥶 Bitcoin Cools Off After New All-Time High Above $69,000

🤖 Here’s what happened in crypto today

🥇 Gold Shines to Record High above $2,160 as Banks Stack Up

📈 Stock Catalyst

Riding the AI Wave With NVDA

The Play:

Let's cut to the chase - our swing trade idea for February 22nd was nothing short of a bullseye: Nvidia Corporation (NVDA).

We leaped in at $761, and guess what? We're now riding high at +25% as of today’s premarket, pocketing a cool $165 per share since entry.

But let's not just revel in our success; let's dissect it.

The Catalyst:

Why did NVDA's stock climb so much? The company reported earnings on February 21, and the figures were staggering. Nvidia didn’t just beat expectations; it smashed them with a Thor’s hammer. Nvidia has been the cool kid on the block for a while, leading the charge in graphics processors and revolutionizing computer gaming. But it's not just about games anymore. Nvidia's technology is the backbone in industries like health care, automotive, and robotics.

In March, they pulled another rabbit out of the hat. With OpenAI's ChatGPT hitting the market, Nvidia's AI-capable supercomputers were the unsung heroes behind this transformative tech. They're calling it the "iPhone moment of AI", and we're not arguing. Nvidia's ability to pivot and capitalize on these new tech waves has turned its fortunes around.

Our Take:

So, is Nvidia a buy now? Well, we’re still 50% in and letting it ride. When a company not only meets but leapfrogs over Wall Street's expectations, you pay attention. When that same company is at the forefront of industries that are reshaping our world – from gaming to AI – you don't just pay attention; you act. Nvidia's extended position from its key moving averages signals not just growth, but explosive growth.

But, as always, we're about smart trades, not just following the hype. Nvidia's stock might be flying close to the sun, and some may fear the Icarus effect.

👾 Crypto Catalyst

The Bullish Case for $BAT - Why We're Betting Big

The Play:

Our very own crypto wizard, Sherlock, has done it again with his latest call - this time on the Basic Attention Token (BAT). On March 3rd, Sherlock shared his insights, setting up a swing long strategy on BAT. The game plan? Three entries:

• The first at $0.2795,

• followed by $0.2613,

• and the final one at $0.2390.

The cherry on top? A final target of $0.4820.

Guess what? We're already 22% up from entry. Not too shabby, right? Sherlock's proving once again why he's an analyst you need to watch in the crypto space.

The Catalyst:

Why BAT, you ask? Let's dive into the juicy part. Recently, the Cardano (ADA) community, with Charles Hoskinson at the helm, has been buzzing with excitement. They've kickstarted a campaign to integrate Cardano's blockchain with the Brave Browser. This isn't just a random tech mashup; it's a strategic chess move to boost visibility and adoption.

But brace yourselves - Brave is upping its game big time. They're enhancing their Rewards program by introducing on-chain Solana payments. This feature will let users move BAT tokens directly to a self-custody Solana wallet. That's right – it's goodbye to the hassles of centralized exchanges. Brave is not just a browser anymore; it's a potential game-changer in the crypto payments realm.

Our Take:

Here's our take: this is a BUY. The integration with Cardano, and the move towards a more decentralized, user-empowering system with Solana, isn't just exciting; it's revolutionary. It signals a shift in how BAT is perceived and utilized. Brave's step towards an ecosystem where rewards and payments are fluidly interconnected is smart.

And hey, if you're not part of the TradingLab community yet, consider this your invitation. It's not just about making smart trades; it's about being part of a community that's always ahead of the curve. Sherlock's just one of our many brilliant minds here.

If you want to follow along with our wins and get alerted with these signals in real-time, you can get exclusive access to our Discord 👇️ 

✍ TL;DR

NVDA

• Swing Trade Success: Nvidia (NVDA) entered at $761, now up 25%.

• Earnings Smasher: NVDA exceeded expectations with strong sales and diversification beyond gaming into AI, healthcare, automotive, and robotics.

• AI Impact: Nvidia's supercomputers powered OpenAI's ChatGPT, marking a significant AI breakthrough.

• TradingLab’s View: NVDA was a strong buy due to its groundbreaking tech and explosive growth, despite potential risks.

BAT

• Smart Crypto Play: Sherlock’s swing long strategy on Basic Attention Token (BAT) led to a 22% gain.

• Strategic Integration: Potential Cardano and Brave Browser integration, coupled with Brave’s move to introduce on-chain Solana payments for rewards.

• The Call: BAT is a buy, given its innovative integration and payment system.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab