Will Tesla and Nvidia Break Key Levels Amid Market Volatility?

The market remains on edge ahead of tomorrow’s ISM Manufacturing PMI and JOLTS Job Openings, two key indicators which could set the tone for the trading session. Today’s action showed tech buckling under pressure while defensive sectors held strong, leaving us with important decision points to watch in stocks like Nvidia, Amazon, AMD, Tesla, and Gorilla Tech.

These are not crystal-ball predictions or financial advice, just observations to guide your plan for tomorrow!

🗓 Market Calendar & Key Drivers for Tomorrow

Economic Events to Watch:

• 10:00 AM ET

  • ISM Manufacturing PMI: Market sentiment hinges on these numbers. A disappointing figure could drive fear higher, while an unexpectedly strong report could boost buyer confidence.

  • JOLTS Job Openings: This is another key metric that could suggest labor market strength (or weakness) as the Fed monitors economic cooling signals.

• What This Means for Traders:

  • Minimize your exposure early in the session before these reports. Being caught off sides could lead to unnecessary losses.

  • Use the post-announcement market reaction to refine your approach.

Broad Market Observations:

1. Tech Weakness:

   • Nvidia, Tesla, Amazon, and other heavyweights in the MAG7 showed intraday recoveries but couldn’t overcome broader selling pressures.

2. Strength in Defensive Sectors:

   • Finance, consumer non-durables, and energy showed relative strength, creating potential rotation opportunities.

3. Geopolitics at Play:

   • Concerns around tariffs and the April 5th deadline for a TikTok ban could bring volatility to big tech (Meta, Oracle) and Chinese-dependent industries.

🔥 5 Expansive Trade Setups for Tomorrow

1. $NVDA ( ▲ 1.67% )  (Nvidia) - Decision Point at $107 and $110

Nvidia remains at a critical juncture after rebounding off recent lows during intraday trading. However, broader weakness in semiconductors and news of potential regulatory changes in China have created overhead risk.

Plan for Tomorrow:

• Bullish Setup: I’ll look to go long near $107 if signs of strength appear. A profit target at $110 aligns well with recent resistance levels.

• Bearish Setup: If Nvidia approaches $110 without broader market strength, I’ll consider shorting from $110, targeting $107 or lower. Confirmation comes from failure to break above $110 decisively.

2. $GRRR ( ▲ 1.38% )  (Gorilla Tech.) - Will $31 Hold?

Gorilla Technology posted strong earnings but experienced significant volatility post-session. The $31 level is a clear line in the sand for bulls and bears alike.

Plan for Tomorrow:

• Bullish Setup: If $31 breaks and holds during intraday trade, I’ll take a long position, targeting $32 first, with room for an extension to $34.

• Bearish Setup: A breakdown below $31 flips my bias, with a potential short targeting a move back to $30 or lower for a quick scalp.

3. $AMZN ( ▲ 0.8% )  (Amazon) - Buy Support Near $188

Amazon has been one of the more resilient MAG7 names, holding psychological support around $188 despite broader tech weakness. The stock saw a strong V-shaped recovery intraday, signaling that buyers are defending key levels.

Plan for Tomorrow:

• Bullish Setup: I’ll wait for a retrace to $188 to go long, targeting $191 first, with a secondary target at $192.50, which marks overhead resistance. I’d scale out profits at these levels.

• Bearish Setup: If Amazon gaps up to $192.50 pre-market and fails to break higher, I’ll consider a short at this level for a quick pullback scalp toward $190.

4. $AMD ( ▲ 3.52% )  (Advanced Micro Devices) - Patience for $101 Re-Test

AMD showed strength by recovering its $101 level late in the session after opening lower. This recovery suggests buyers are stepping in, providing a potential area of interest for dip-buying opportunities.

Plan for Tomorrow:

• Bullish Setup: If AMD dips back to $101, I’ll consider going long, targeting resistance first at $102 and then aiming for $103 if momentum builds further. AMD’s key for tomorrow will be holding above this $101 level to trigger any sustained upside.

• Bearish Setup: Failure to defend $101 would invalidate the bullish scenario, and I’d avoid taking new long positions until the stock shows confirmed support.

5. $TSLA ( ▼ 1.09% )  (Tesla) - All Eyes on the $250-$252 Zone

Tesla traded volatile today, rallying off $245 lows but struggling to regain momentum above $252. The stock is firmly stuck below its 50-period moving average on the 15-minute chart yet shows higher highs intraday, hinting at potential dip-buy setups.

Plan for Tomorrow:

• Bullish Setup: I’m looking for a pullback to the $250-$252 area. If it holds as support, I’ll go long, targeting $260 as the first key resistance level with potential upside to $264.

• Bearish Setup: If Tesla reaches $260 without broader strength in the market, I’ll consider counter-trend shorts toward $256. This would require strong failure at overhead resistance to confirm bearish sentiment.

🚨 Key Takeaways for Planning Tomorrow’s Trades

1. Economic events like ISM PMI and JOLTS could cause significant intraday volatility. Trade cautiously and wait for post-announcement clarity when in doubt.

2. Defensive sectors continue to offer strong setups, while tech remains under pressure. Be selective with entries and manage risk effectively.

3. Look for key levels on stocks like TSLA, NVDA, GRRR, AMZN, and AMD to confirm your bias before acting.