we are buying 25 shares of nvidia nvda at roughly 15152 each and 150 shares of tjx companies tjx at roughly 6278 following wednesdays trades jim cramers charitable trust will own 350 shares of nvidia increasing its weighting in the portfolio to 182 from 169 and 850 shares of tjx increasing its weighting in the portfolio to 181 from 15 were buying a couple of stocks into weakness wednesday due to the oversold nature of the broader market after tuesdays session the s  p oscillator moved to minus 706 as a reminder any time the oscillator moves below minus 4 it signals that the market is oversold which means it could be due for a bounce if you have been following us over the years then you already know what our discipline states we look for bargains and hold our nose and buy whenever the market is oversold just like how we hold our nose and sell when the market is overbought  of course the oscillator could become more oversold from here and the market could continue to drop there have been several instances this year when we have seen the oscillator reach minus 7 and still go lower in fact this happened this summer on june 14 the s  p oscillator was minus 766 and it fell to minus 1051 the trough on june 16 although june 14 didnt mark the exact low in the oscillator or the market the good news is that the downside was limited by that point the dow jones industrial average closed at 3036483 on june 14 fell about 15 to 2992707 by june 16 but ultimately rallied to 3150068 on june 24 we bring this up because of course the market could continue to fall from here we cannot predict the daytoday gyrations of the market however the riskreward gets better as prices come in thats why we typically view weakness as opportunities at a minimum we think the oversold oscillator serves as a reminder that stocks have been hit hard in a very short period and the time has come to start looking for profitable high quality companies that are trading at bargains so yes that means holding our nose and buying shares of semiconductor company nvidia which continues to slide after issuing a weakerthanexpected outlook last week here we are buying back 25 shares of the 200 we sold in early april at around 220 per share we previously purchased 50 shares back in may at around 173 per share although the length of the gaming inventory correction remains an uncertainty and the resilience of the data center is a new question mark the company has several new product launches coming out in the next couple of quarters and those should help support growth also we believe nvidias upcoming developers gtc conference starting sept 19 will be a bullish event and we do not want to be too negative ahead of this at the same time we think it is prudent to be disciplined and only buy in small increments we plan to buy another 25 shares at around 140 and pick up more if it falls further from there for tjx we are continuing our slow buildup of this position into weakness we like shares of the company behind tj maxx marshalls and homegoods because we think the purchasing environment for offprice retail has never been better retailers are working frantically to rightsize inventory positions and discount items to get them out the door one way they clear out their excess inventory is to sell merchandise to offprice chains at fire sale prices which then allows tjx to offer highquality product and value prices to their shoppers jim cramers charitable trust is long nvda and tjx 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 trusts 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