Market Commentary for Thursday, August 28, 2025, by Peter Cook
We saw #NVDA come and go with earnings and the initial reaction was negative. We sold off to around 171 after the announcement (there are lots of puts as support at 165) and there are lots of calls around 178. Pushing under those calls is more likely this afternoon. I still like 0DTE puts on that one. Right now we are testing the little reaction low there in the Pre-Market session. I would think we'd want to go test the earnings reaction low there.
Typically gapping down on #NVDA earnings is bearish. The last 9 times it's happened we were higher 3 weeks later only once. That's not good!
#GDP was "good" this morning - but it's mostly an artifact of the Tariffs being front run and then undone and then front run and then finally settling here. Personal consumption numbers were weakest since 2023 if you don't count last quarter, really not that great. But this is better than a Tariff punch to the face.
#Jobs data came in this morning, and it was "meh." It's stuck in a not great place with lots of people stuck continuing claims over and over and over again - not able to find jobs. It remains a low hiring environment for most.
My metrics suggest it's a good day to Day Trade and I'll be pressing longs again. Yesterday was boring, we only had one setup happen after the #NVDA earnings were released. I didn't put on any trades until the after hours yesterday.
Levels:
All the best;
Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC
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