NVDA is framed as the key setup: a giant buyback, strong long-run trend, and a possible October pullback are set against a near-term overbought/bearish technical picture, with Tom Lee expecting a painful October before a post-midterm rally. The pitch is to buy NVDA only when weekly RSI is above 50 and price is above the 200-day average, then sell the next open; the same overnight routine is claimed to have beaten SPY and QQQ and turned $10,000 into $32,229 over 2 years and 9 months. Counterweight: Michael Burry is said to be short NVDA on a local double top, with 235, 209, and 190 as the key levels. The video also argues crypto got hit by whale selling and $250M+ in long liquidations after BTC fell below $83,000, while PCE timing could make the coming week volatile.
PCE timing is set up to make the coming week volatile, and stocks have started with a pullback.
BTC closed back above the level needed for the immediate trend after whales dumped millions of crypto and pushed it below $83,000.
The break under $83,000 triggered more than $250 million in long liquidations.
Tom Lee's popular view is that 2027 could bring some of the best returns ever seen in a lifetime, but first October may be very painful; he expects a strong rally after the midterms.
NVDA launched the largest U.S. stock buyback ever, boosting the program by more than $150 billion to $235 billion so far.
The buyback is pitched as an Apple-style playbook; AAPL is said to have risen 2,400% over a decade after its buyback era, and later another 2,526% after becoming the world's largest market-cap company.
NVDA is described as the latest company to take the No. 1 Wall Street/global throne, and it is said to be up only 66% since reaching that spot.
If NVDA gets cheaper in October, the plan is to load up; the preferred tactic on hot trend stocks is to buy at the close and sell at the next open, with no weekend or holiday hold.
Using that overnight setup on NVDA since it became No. 1 in 2024 is claimed to have produced a near-50% gain, 57% in 2025, and 37% so far in 2026.
The same overnight approach is claimed to have beaten SPY and QQQ and turned $10,000 into $32,229, a 222% gain over 2 years and 9 months, even allowing for a 10% drawdown during red days.
The strategy rules are explicit: weekly RSI must be above 50 using the last completed weekly candle and 14-period Wilder smoothing, and price must be above the 200-day moving average; once entered, it is sold at the next market open regardless of indicators.
On the daily chart, a large cup-and-handle is said to be forming, with a decisive close above 235 needed for a bullish breakout and then at least two candles holding above 235 to confirm a bigger move to 284.
Michael Burry is said to have shorted NVDA again because of a local double top under 235; the double top is only confirmed if price breaks the valley low between the two tops, while a close below 209 would confirm a move to 190.
The bearish case is reinforced by bearish divergence, price that cannot clear a 60% level, and earnings still far away on November 25; the call is for a pullback into a range so a bullish buyer can re-enter for the rest of 2026 and into 2027.
The promo push includes a Discord with 11 live trading sessions a week and live NVDA performance claims including 30%, 45, 89%/62%, 86/87 and $650 profit, 92%, 97%, 113%, 135% on META, 200% on NVDA, and 251% on NVDA.