QQQ Enters Consolidation at resistance; Nvidia Sell-Off Intensifies on Perceived existential Threat

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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Bill H

Thanks as always Sam. For some reason I am not getting any push notifications or text notifications of your posts. Last app notifications I received was last Thursday?

Rich Woodwortz

Same with me. Not getting push notifications either

C G

I got the most recent notification for the update on Android. Like them, though, I hadn’t gotten one in a while before that.

Bill H

got the 2:50 one. on android.

EY

got the one at 2:50 for iOS but none before either

Rich Woodwortz

The only way I know there is an update is to constantly check the app on my home screen. There will be a red 1 above the app which indicates a new post. I use IOS on an I phone 16 pro max. Is there a way you can send email updates too?

Derek Truong

Hi Sam,

Just out of curiosity, if we are in scenario #3, are we planning on purchasing any other instruments to capitalize on the run from $640 – $700? I understand that it would probably not be cost effective at that point to buy more LEAPs, but would it perhaps be prudent to put some of the cash into QQQ shares or perhaps another mag7? Or would we potentially calculate a call spread to ride the rally? As we would be in roughly 50% cash.

Thanks!

Florian

Isnt this going to be an unusually long correction if it goes the way you laid out in you last update?

Edwin

if I’m not mistaken, the dip from peak to trough counts as a correction at 8% and some change; however, it’s highly probably given the extent of the rally that we hit a >10% correction (scenario #1).

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