Wednesday, September 3, 2025

Market Commentary for Tuesday, September 3, 2025, by Peter Cook


We got a major crypto wipeout yesterday in the altcoin universe.  Today they are rallying - there was a TON of puts purchased on the open yesterday in the Gemini Exchange (the one that serves crypto).  Should be a nice setup again to squeeze early shorts. 


#GOOG got a reprieve from anti-trust penalties and it's up 8%.  Looks like a short to me.  

We will see JOLTS (job openings) data today (this is one that could be influenced by Trump's new appointee) - will be fun to see what the numbers say. 

NQ has a nice 23475-23485 on NQ is a heavy, heavy resistance line that needs to get overcome.  I am watching and seeing if we can do it today.  I have my doubts.  


Levels:





All the best;

 

 

Peter Cook

#NQ_F Chatroom Chief Moderator

Hamzei Analytics, LLC

 

Sign-up link: https://www.hamzeianalytics.com/HAPDTS_NQ_details.asp 



This email went out to Members at 0930 ET on Sept 3rd.

Posted by Hamzei Analytics, LLC at 9:30 AM

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