I May Have Missed A Few
The Missing Links: May 4-8 Alpha Update
Supplemental analysis for Wild Swing Trades readers.
1. High-Impact Earnings (The "Big Three")
While index levels are key, these individual tickers have massive binary events this week. Manage your risk accordingly.
| Ticker | Timing | Catalyst | Strategy |
|---|---|---|---|
| PRU | May 5 (After Close) | Q1 Earnings | Watch for Gap Fill / Volatility expansion |
| IREN | May 7 (After Close) | Q3 Earnings | GPU Cluster / AI Pivot update (52% Upside potential) |
| WULF | May 8 (Pre-Market) | Q1 Earnings | EPS Revision focus; watch $18.50 support |
2. The Technical Edge: SLV & NVDA
SILVER (SLV) – The Wedge Completion
The falling wedge on SLV is reaching its apex. After the $100 doji earlier this year, this correction is testing the patience of bulls.
- Key Support: $77.00
- Upside Target: $85.00
- Invalidation: Daily close below $72.00
NVIDIA (NVDA) – Negative Divergence
Despite the "AI Trend" hype, NVDA is showing volume exhaustion on lower timeframes.
- The Setup: Price is holding $191, but volume tops are lower. If $191 snaps, look for the $183 "Golden Zone" Fibonacci retest.
Weekly Summary Checklist
| Asset | Trend Bias | Execution Tip |
|---|---|---|
| PRU | Bullish Momentum | Look for "Run into Earnings" scalp |
| SLV | Neutral/Wait | Wait for wedge breakout confirmation |
| IREN | Bullish Swing | Targeting $74.38 consensus price |
Disclaimer: This content is for educational and illustrative purposes only. All trading involves risk. Use stop losses.
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