The NASDAQ-100 (QQQ) is at a critical juncture but the rally can still be salvaged with a hard push through all-time highs. Nvidia pulled back as expected, but its near-term direction depends on the QQQ.
NASDAQ-100 (QQQ) knocked back just as the index broke out above its $494 resistance. Nvidia (NVDA) has pulled back exactly as expected, but it’s a little too far too fast. We’ll discuss the consequences of all of this.
Three key things to watch today. Nvidia (NVDA) is pushing overbought on the hourly now. NASDAQ-100 is on breakout watch at $494. We’ll soon be hedging our Lannister Portfolio through the use of put options. Stay tuned.
Daily Briefing: Nvidia (NVDA) overbought, NASDAQ-100 on breakout watch Read Post »
The NASDAQ-100 (QQQ) closed out last week right near its previous highs of $493.70. For the rally to continue, we need to see a breakout this week with solid white candlesticks up to $500+. Otherwise, the bears may take back control.
Weekly Roundup: Clear-cut Breakout needed this week or bears take Back control Read Post »
Tesla unveils Robotaxi at its We, Robot event at Warner Bro. Studios. But the stock is down 10% on the event putting it on SW trade watch. The NASDAQ continues to struggle with $493 resistance and Nvidia pushes slightly higher to $135+.
Daily Briefing: Tesla (TSLA) on Trade watch after robotaxi event disappoints Read Post »
Market reverses course off of this morning’s gap-down due to poor CPI data. QQQ needs to see a green close at the highs of the day today for momentum to continue. Nvidia pushes into a third instance of overbought conditions.
Daily Breifing: NASDAQ-100 flirting with $493 highs; nvidia pushing overbought again Read Post »
We purchased hedges for our portfolio to protect against general market risks.
Trade Alert: Hedges bought for The SW Tyrell Portfolio Read Post »
Everything we noted in the weekly roundup is happening this week and it is looking increasingly likely that the NASDAQ-100 breaks out to fresh all-time highs. Rally on.
Daily Briefing: More evidence the next leg up has begun Read Post »
Nvidia has made new multi-month highs and is setting up for a breakout to a new trading range. The NASDAQ-100 (QQQ) appears ready to follow suit.
Nvidia (NVDA) is setting up for a breakout run to $160 Read Post »
A lesson on why it’s important to always remain long the markets and how to address market related risks and uncertainties.
Daily Briefing: Why it’s important to always be long & hedged Read Post »