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.
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 0936 ET on Sept 23rd.