Market Commentary for Tuesday, September 23, 2025, by Peter Cook

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We nailed the call on the +0.65% move on #QQQ, crazy when the statistics work out.  

#BA up this morning.  It's set up nicely for a long on the Dailies. 

#GLD continues to run.  But all is not well - when it does a multi-week run like this, it's only up about 20-25% of the time in the next 6 weeks.  It's time to be locking down gains in those names. 

#NVDA is noticeably weak today.  I saw some signs the options markets are overheating in #NVDA last night, I'd avoid. This is one sign I've been looking for to get ready for a larger decline in the indices. 

I did start swinging some left-tail kind of "Vix Spike" plays using some 10-delta weekly calls.  We'll see if it works - it's a small position.  Since I'm not doing much trading now (other than day trading) I need to keep myself busy and not get in trouble. 

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All the best;

Peter Cook

#NQ_F Chatroom Chief Moderator

Hamzei Analytics, LLC

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This email went out to Members at 0936 ET on Sept 23rd.