August 27, 2025

Markets:

Stock futures were flat Wednesday as investors turn their eyes to Nvidia earnings, which could be a make-or-break moment for the bull market.

In premarket trading, MongoDB popped 30% after the developer data platform topped Wall Street’s expectations. Okta jumped 4% after its quarterly results and full-year forecast beat consensus estimates.

Both companies cited the demand coming from companies developing artificial intelligence platforms for the strong results. That bodes well for Nvidia, which releases its financial results after the closing bell on Wednesday.

Wall Street has high hopes for Nvidia, which has the biggest weight in the S&P 500 and is considered a bellwether in the broader market and a major indicator of AI development. Its earnings could either dampen or propel this year’s rally, particularly as the “Magnificent Seven” looks to recover from last week’s sell-off.

The chipmaker has beaten earnings expectations in 11 of past 12 quarterly reports, but the stock has had a downbeat post-earnings reaction four of those times, according to FactSet.

Portfolio:

Well, it's all about NVDA today, thats the main event.  Think tomorrow and Friday volume dries up even more as we head into the long holiday weekend here in the U.S..  Next week should be an absolute great week to trade wth volume returning and so many setups breaking out or close too.  Really hope NVDA delivers and we think they will!

Technically Market basing under 646 for SPY but the real story is in QQQ breaking out – and ahead of NVDA! Unless the lower trendline breaks for SPY or QQQ I wouldn’t be comfortable with put plays right now – not sure anyone would be although you continue to have a large number of folks calling for top and missing this entire move!

No changes needed for opening bell with current holdings.  Have your targets working on ZMDTF.  Be on alert today.