| | | | Sprouts, Eli Lilly and Nvidia: BIG Winners Ripe for Major Retracements
With global liquidity rising more and more, might black gold — aka CRUDE — be the next sector to see massive inflows as we see the AI trade start to fade?
Come join me as we dive in and see what’s moving!
Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — —
Sprouts, Eli Lilly and Nvidia: BIG Winners Ripe for Major Retracements
**Spotting Stock Opportunities and Dodging Risks Amidst Market Volatility**
This market isn’t for the faint-hearted — we’re seeing opportunities pop up, but only if you know where to look and can handle the turbulence.
I’ve been eyeing several stocks, each with its own unique setup, from Sprouts (SFM) to Eli Lilly (LLY) to the riskier plays like Roblox (RBLX) and Nvidia (NVDA).
The trick? Recognize the setups and decide if the potential reward is worth the volatility.
Let’s start with Sprouts. SFM is riding high and on an absolute tear — up about 170% YTD, which is an insane move. Right now, it’s looking like we’ll see a consolidation after the last move higher before it cools down.
Then it will likely be due for a “mega retrace” — maybe even substantial enough to bring the stock back to a realistic zone. It’s going to happen at some point because this isn’t sustainable.
But Sprouts isn’t the only one…
This market’s full of these overheated stocks ready for a correction. Eli Lilly could be in the early stages of a prolonged retrace and consolidation — which could last three or four years — after rising 44% YTD (it was up 65% YTD in late August).
LLY has been a hot stock, largely driven by enthusiasm for weight loss drugs. But just like with SFM, we might see the initial pop fade as reality catches up.
Then there’s Nvidia, which was up 190% YTD at one point and is still up 170%.
This stock has a history of exponential highs, only to take a 60–70% dip, a pattern it’s repeated a few times now. While it might be tempting to jump in for the ride, don’t be surprised if it revisits those historical lows once again.
It’s a wild card — potentially lucrative, but not something you’d want to bet the farm on.
In the midst of these setups, make sure to avoid the “dumpster fire” charts — stocks showing long, consistent declines.
This market has setups across the board, but know what you’re getting into. High-probability setups — those that are repeatable and resilient under pressure — are what I like to see.
Chase the stuff with consistency and potential, and don’t get caught up in FOMO plays. And remember, sometimes the best trade is no trade at all, especially with volatility like this — the VIX was up over 10% late on Thursday.
Today’s Daily Chart Setup: Tenet Healthcare (THC)
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