NASDAQ-100 (QQQ) extends its rebound to 3.4% as the S&P 500 battles with the 6,000 level once again. Nvidia (NVDA) reaches oversold territory despite blowout earnings last week.
Indecision in the hourly chart on the SPY, QQQ and Dow all point to a second leg lower in the broad market. Trend and other data says otherwise. We’ll discuss our outlook and how we plan to trade it.
Weekly Roundup: Will the market see a second leg lower? Read Post »
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Sam Weiss using Twitter (X) for trade & other real Time Notifications Read Post »
Near-term, the market is looking like it’s on shaky ground and that we could see a second leg lower by early next week. Overall, however, it doesn’t appear like we’ll be seeing any sort of serious correction.
Why being able to trade/create call-spreads is absolutely essential to effective risk management.
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Trade Executed: trade made in the targaryen portfolio Read Post »
Nvidia delivered an excellent report across the board which reinforces our expectation for $160-$170 early next year. The market action today is very deceptive and we’re likely to see a run soon. QQQ nearing the end of its consolidation and will make a decisive move soon.
nvidia pulls back in spite of excellent earnings report on continued market jitters Read Post »
Market pulling back a bit after the $10 bounce off of last Friday’s lows. So far the market is trading exactly as expected. Nvidia’s earnings today could very easily determine market’s next big direction.
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Trade alert: Several Trades Executed in Lannister Portfolio Read Post »
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Trade Alert: Trade Executed in the Targaryen Portfolio Read Post »