Samwise Quick Reference Handbook
To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible dropdown menu below. A sort of Quick Reference Handbook if you will -- as our friends in aviation might call it. By clicking the menu below, you’ll have qu...
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puts in swing portfolios. Now that is exciting
Sam, where do you stand on Apple?
So for now, we’re just going to hold it as the stock is entering its seasonally bullish period of the year. It has bene consolidating at $200 for a good long while now and all-time highs sits at $260 a share. I think there’s a good chance that between now and January, Apple tests that $260 level.
With Microsoft and Nvidia making fresh all-time highs, they’re currently both at a $1T market cap above Apple atm. I think some of that capital is going to flow into Apple in the next correction.
So for now, we’re just going to wait on Apple. As we are raising capital, we’ll deploy extra cash into the stock on the next correction. Long-term the stock is a cash generating machine. So it’s going to do fine long-term.
It looks like there is negative divergence now. It may be wise to close NVDL now.
So negative divergence requires a new high on lower RSI. The RSI is declining, but what we need is prices to climb. We’ll sell our remaining half of the NVDL on the next push. I think we’ll see another strong push soon.
Sam I can’t see where the segmented rally update was made
We discuss it on the 2:17 pm update. The table can be found in this actual daily breifing. Scroll up. Or you can find it here. Table 3.0:
https://sam-weiss.com/nasdaq-100-qqq-corrections-rallies/