Things are looking great from a forecasting and profit point of view. With the QQQ deeply overbought on the hourly RSI, we should see considerable upside ahead. Nvidia should break above our $150 price-target by next week.
Outlining some basic covered call writing and put buy we plan to executing as a hedging strategy for the Samwise Portfolios.
Trade Watch: we’ll soon be selling Covered calls across all four samwise Portfolios Read Post »
The market continues to surge higher on the back of election euphoria as both Nvidia and the QQQ continue to make fresh all time highs.
With President Trump winning a decisive victory, the uncertainty of a potentially contested election is no longer at risk for the markets. Futures immediately surged and indices opened near their all-time highs.
Trade made in the Lannister Portfolio.
TRADE ALERT: Trade executed in lannister Portfolio Read Post »
NASDAQ-100 (QQQ) pushes up to the gap-line at $492.50. Nvidia (NVDA) in the process of retesting its highs. With correction risk sky high, we’re purchasing hedge for Lannister Portfolio TODAY!
As the market rebounds off of extremely oversold conditions set by Thursday’s shellacking, the intermediate-term direction remains uncertain as the election draws near.
While the market is rebounding today off of extremely oversold conditions, nothing about the move signals that we’re out of the wood. There’s probably more downside ahead.
Daily Briefing: Markets snap back off oversold conditions, but not out of the woods Read Post »
Broad market selling off on Microsoft (MSFT) earnings outlook but now virtually everything is oversold. The QQQ, SPY, NVDA, AAPL, MSFT and others are all oversold near-term. We discuss how to capitalize on it.
Markets continues to consolidate near their highs which strengthens our confidence levels in the current outlook. But the action remains stagnant and boring. Microsoft and Meta could change that this afternoon.