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 »
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 »
The NASDAQ-100 needs to decisively trade back above $488 to begin a new leg up through its all-time highs. The longer it trades near $480, the more likely it is to break down.
Daily Briefing: Slow day, but market still not out of The woods Read Post »
With the QQQ having reached our downside target of 3-4% down on 3-7 sessions, we’ve now entered a short period of uncertainty. However, by end of session today or tomorrow, we should have some clarity on the market’s next immediate move.
Daily Briefing: market direction & clarity to come in the next 1-2 days Read Post »