Anthony Speciale Stock Market Analyst

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How the Insiders in Washington are Trading NVIDIA Stock

Back in June, Paul Pelosi bought 20,000 shares of NVIDIA Corporation (NVDA). The position is worth about $3.2 million at current prices.

Those who make the laws sure appear to be above the law sometimes…

From driving while intoxicated to insider trading and everything in between, if you’re a federally elected individual on the side of the controlling forces, you can get away with a lot.

So, if you’d like to find the world’s greatest “inside traders,” look no further than Congress.

Now, this isn’t a political debate, so let’s stick to what is relevant…

It was reported last week that Speaker of the House Nancy Pelosi’s husband backed up the truck to buy a particular semiconductor stock ahead of a key vote on subsidies for the chip industry.

Back in June, Paul Pelosi bought 20,000 shares of NVIDIA Corporation (NVDA).

The position is worth about $3.2 million at current prices. That’s a lot of bread to put into one single company!

The Technical Picture

NVDA has been beaten up recently and could be technically positioned for a breakout in the coming weeks.

If it does break out, I know I’ll be looking to take action on it.

Here’s how the stock is setting up on a weekly chart…

Weekly Chart of NVIDIA Corporation (NVDA) – Source: TradingView

As you can see, price action is being contained by the orange resistance structure overhead.

However, should price action settle above with confirmation, we could be looking at a fresh technical setup to trade NVDA to the long side.

So, what prompted Paul to dive into his millions to buy shares of NVDA?

Well, as I alluded to above, an upcoming vote on legislation next week that would deliver billions of dollars in subsidies to boost the chip-manufacturing industry will be placed in front of Congress for a vote.

How convenient that his wife is the house speaker and would likely have unique knowledge of this long before WE THE PEOPLE ever would…

The Inside Scoop

When you sit back and look at the situation a bit closer, you realize that the system is certainly tilted against the individual investor.

But not to worry… There are legal ways to follow these insider transactions without ever being accused of insider trading…

You see, no one knows more about the way insiders operate than my colleague and expert trader Ross Givens.

Ross’s premium Insider Effect research service focuses on corporate insider buying.

These insiders are corporate CEOs, CFOs, executives and board members either purchasing or selling shares in their own companies.

These folks have a footing of knowledge that Main Street investors simply do not.

Ross is holding a special session today at 12:00 p.m. EST, which is absolutely free to attend.

He’ll cover his strategy for trading with the insiders and generating potentially massive gains as a result.

Just click here to register and reserve your seat for his special Insider Effect presentation today at 12:00 p.m. EST.

Rules to Live By

“If you always do what you’ve always done, you’ll always have what you’ve already got.”

Until next time, I wish you a beautiful and blessed day!

Yours In Trading Success,

Anthony Speciale Jr.

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