+6 scale and trail

Just playing HC for bounce at 2370 as mentioned support in newsletter

Wednesday Newsletter

like I said this morning about our call for a muted NVDA reaction, which played out. Digi you were way too conservative going all the way out to 1300, I just didn't see that happening. But selling calls was the best, or selling puts. As I commented this morning, short term call buyers were likely screwed because of the high premium that was backed into the call options so even though the stock goes up, they don't make money or can even lose as all that premium comes out tomorrow.  But that high premium was great for selling calls or puts - I just wouldn't have went all the way to 1300. Anyway free money for ya!

NVDA 10 for 1 Split

NVIDIA Q1 2025 Adj EPS $6.12 Beats $5.59 Estimate

If NVDA does dump then target would be a gap fill below 

$SPX - Chart Link- SPX still has equal highs above which have yet to be taken.  Up to NVDA (likely to have good results)...crapshoot on earnings but leaning upside.

Mkt like to Trap early players (shorts) who will have stops above those equal highs.  

IF they manage to run the highs will be favoring scaling into SHORTS for a nice move DOWN after exhaustion.

Let's see how things unfold but upside here is limited on markets IMO as stated last night.   

NQ levels 18,870-19,060  ES 5355/73 then 5390/5400 last zone 5415-5430 (Overhead zones 'should' the market want to get a final push)

perfectly tagged that last support bounced

https://www.tradingview.com/chart/WVDTpjM0/ 

below that area however you have a big air pocket to the next support

Warned last night and gave key support level this morning on GC - big drop after losing highlighted support 

QQQ - Chart Link - now let's see if this can hold and push higher on NVDA 

IF we see a big push be wary of false breakout 

$VIX - Chart Link- pushed through the channel from the divergent low and through one slight resistance zone, the next supply zone is still up quite a whiles, then we have that gap

$VIX - Chart Link- remember the RSI 5 divergence has been in place on daily

$VIX - Chart Link- and of course perfect bounce off that big support Steve showed last night

I bought it for the chart, not for political stuff - was a very objective long down there near that 1.5 level where natural gas has always bottomed over the last 29 years since 1995. 

I just play the chart - easier that way vs thinking too much about politics and all the extraneous things that can hinder my execution decisions- basically too much information overload makes it more difficult to trade objectively by pushing you and pulling in in different directions (what about this, what about that), so I like to keep it simple 

$SPX - Chart Link- remember we have that nice juicy gap below, could be a nice target - especially after the holiday, generally you get turns around holidays

$SPX - Chart Link- the weekly charts as I commented have really obvious MACD and RSI divergence and a MACD KISS / Stochastic OB setups - trigger for a short on the weeklies would be if this week formed a doji candlestick - your trigger would be 1 penny below that doji low

QQQ - Chart Link-

AAPL - Chart Link- shows the wedge with very obvious MACD divergence,

and a couple of demand zones below

DUST - Chart Link- nice move off that divergent low

GDX - Chart Link- pulling back off that MACD divergent high

UNG - Chart Link-

$NATGAS - Chart Link- again not surprised given how Natural Gas was at a 30 year support level a couple months ago

YINN - Chart Link- nice pullback from that supply zone

first demand zone is still lower

$VIX - Chart Link- bounced on that support area

$VIX - Chart Link- 2hr view, slightly out of the channel now - resistance zones noted above, and there's an open gap above

FED MINUTES: PARTICIPANTS AT THE MEETING ASSESSED IT WOULD TAKE LONGER THAN PREVIOUSLY ANTICIPATED TO GAIN GREATER CONFIDENCE IN INFLATION MOVING SUSTAINABLY TO 2%.