Will Tech Recover? 5 Trade Setups Featuring TSLA, NVDA, GM, OXY, and AMZN

Here’s a breakdown of five setups I’m watching for tomorrow: Tesla, Nvidia, GM, Oxy, and Amazon. Remember, this is not financial advice - just my personal plan and thoughts. Let’s dive in.

🗓 Market Overview: Trouble in Tech

• Economic Calendar Highlight: GDP growth rate forecast set at 2.3%. A lower number could mean downward pressure on markets.

• The S&P showed green for 51% of stocks, but large-cap tech names struggled:

  • $TSLA ( ▼ 1.09% )  

  • $NVDA ( ▲ 1.67% )

  • $GOOGL ( ▼ 1.58% )

  • $PLTR ( ▲ 0.2% )

• Defensive sectors (consumer non-durables, energy) held up fairly well, offering some areas of relative strength.

📊 Trade Ideas for Tomorrow

1. $TSLA ( ▼ 1.09% )  (Tesla) - Short at $284

Tesla sold off sharply, pulling back 5.5% but caught a slight rebound post-market. News surfaced about Tesla’s products expanding into Saudi Arabia. However, bearish momentum remains strong.

What I’m Watching:
If Tesla rallies back to $284 pre-market, I’ll consider a short. A bad GDP number could add downside pressure, amplifying this trade setup.

2. $NVDA ( ▲ 1.67% )  (Nvidia) - Short at $115

Nvidia suffered heavy losses (-5.74%), reportedly due to recent regulatory changes in China that could hit earnings by ~6%. The semiconductors sector may face additional pressure.

What I’m Watching:
I’ll look for Nvidia to bounce near $115 for a short entry. The target would be continuation toward lower levels, aligning with broader market weakness in tech.

3. $GM ( ▼ 3.87% )  (General Motors) - Short Around $49

As auto tariffs create uncertainty, GM dipped after initially rallying on news of dividend increases and stock buybacks. The post-market selloff reflects the new tariff policy’s impact.

What I’m Watching:
If GM rebounds to $49-$49.20, I’m planning to short at those levels. The target is the lower end of today’s range near $46.50.

4. $OXY ( ▲ 1.62% )  (Occidental Petroleum) - Long Above $50

Energy held its ground in today’s market. OXY opened strong but faded through the session. Given its strength relative to other sectors, OXY could continue upward if it clears key resistance.

What I’m Watching:
I’ll wait for OXY to break and hold above $50. Initial profit targets lie near $50.50, with a stop set below $49.50.

5. $AMZN ( ▲ 0.8% )  (Amazon) - Short or Long Around $199

Amazon bounced near $199 post-market after hitting a pre-market high of $207. The psychological $200 level remains critical.

What I’m Watching:

• If AMZN trades below $199, I’ll look to short, targeting the $197-$196 range.

• If market sentiment shifts, I’ll pivot to a bullish thesis and look for potential upside trades.

🚨 Final Reminder:

• These ideas are not financial advice—just one trader’s perspective to inspire your own plans.

• Factor key levels, market conditions, and risk management into every trade.