Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Wall Street was under pressure Tuesday. If the Dow closes lower, the 30-stock average would see its first nine-session losing streak since 1978 when Jimmy Carter was president. “I want you to look for a crescendo. In a crescendo, you have the market go down, down, down, and then the volume explodes. That’s how you get a clearing event to go back up. We have not had that crescendo yet,” Jim said during the Morning Meeting. Keep in mind that the Dow is price-weighted. And, as the highest priced component, UnitedHealth ‘s sharp drop since its insurance unit’s CEO was gunned down on the streets of New York City could be skewing the overall move. There has also been a rotation back into the “Magnificent Seven” stocks, which was why the Nasdaq on Monday posted a record-high close. U.S. oil benchmark West Texas Intermediate crude broke below $70 per barrel on demand concerns. Peter Navarro, set to become the top trade advisor to Donald Trump, said on CNBC on Tuesday that a “drill baby drill” policy will lower oil prices further. Navarro said that any inflation from tariffs proposed by the president-elect could be offset by $50-per-barrel WTI, which would lower the cost of gasoline. Jim said, “[Navarro’s] going to need the oil companies to play ball,” pointing out that energy giants have been reluctant to oversupply the market and watch crude prices sink. We followed through on plans to trim Broadcom when we were no longer restricted and took profits Tuesday. We were not alone as shares of the custom chipmaker dropped more than 4%. “We don’t like to do nothing when we see parabolic” rallies, Jim said. “Let’s talk about the tough one,” he added, referring to Advanced Micro Devices , which we also trimmed Tuesday. After speaking with Marvell CEO Matt Murphy on “Mad Money” on Monday evening, Jim said big tech companies want Nvidia’s AI processors and custom chips made by Broadcom and Marvell, leaving AMD in a difficult position in the market. Jim also commented on Club stock Nvidia’s recent slide. The stock ended Monday’s session down nearly 14% from its all-time intraday high of $152.89 a share on Nov. 21 and was under pressure again Tuesday. “Nvidia has spurts. It does nothing and then it has spurts,” he said. “We choose not to [trim Nvidia]. Why? Because we think the future is bright.” Stocks covered in Tuesday’s rapid fire at the end of the video were: Pfizer , Brown-Forman , Cisco Systems , Planet Fitness , Dell , and Arista Networks . (Jim Cramer’s Charitable Trust is long AVGO, AMD, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.