Dave's chart of YTD returns for gold vs. stocks: schrts.co/sNxwWEga 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
I'm not seeing any real resistance in NVDA until the 135-136 level. There may be a little wobble around 120 but if the move is strong it should move through that without too much trouble. Any opinion on that? I'm going long at the open tomorrow if it doesn't gap up. If I can't get a good price, I'll go with AAPL. It looks just about as strong technically.
@@prolific1518 Remaining bearish in the face of bullish trends is not awesome! I'm just laying out what I'd need to see to turn more bullish. More people should do this! D
I don't think the market is going to plunge as much as people expect because of 0DTE. people don't seem to understand that's been a big factor in the market grinding higher and higher ever since 0DTE was implemented
@prolific1518 Exactly! The market/ economy will be propped up by the Treasury and the Political Reserve until the November election. They'll do everything they can to ensure Democrats retain the Whitehouse. After the election, watch out below!
Would not agree that 0DTE options in some way created this bull market. Lots of other more powerful forces out there! But it's definitely screwing with the VIX D
Exactly. That's the whole strategy of the Big Boys... to fake out as many small traders as possible, then take their money. They used to call it a shakeout.
Dave's chart of YTD returns for gold vs. stocks: schrts.co/sNxwWEga
👀 See what better financial charting can do for you!
Start your FREE 1-month trial today at stockcharts.com
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP
✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
I added bearish NVDA positions late last Wednesday due to the most recent bearish engulfing; they played me
Volatility is real! D
Right now, I’m still on the fence as to which way it’ll go. Upon solid direction then I’ll choose
Market appears on the fence as well! D
just shows you that timing the market is fools game
You were just so bearish man, like c‘mon.
Still bearish. But would be less so if we market makes new highs! D
I'm not seeing any real resistance in NVDA until the 135-136 level. There may be a little wobble around 120 but if the move is strong it should move through that without too much trouble. Any opinion on that? I'm going long at the open tomorrow if it doesn't gap up. If I can't get a good price, I'll go with AAPL. It looks just about as strong technically.
Thanks Dave! Great episode today!
Also pay attention to the Bond ETFs where they have been trending up for the last 6-8 weeks. The momentum is up considerably over the last few weeks.
TLT and AGG in primary uptrends 💯 D
So does all this nullify the "bearish change of character" ?
Yea Dave is very flip floppy. I'll have to unsub because of the lack of consistency.
Dave goes where the charts take him. The markets have been VERY flip floppy lately.
No, I still see the primary trend as lower. Just laying out the case for what I'd need to see to admit I'm wrong!
@@prolific1518 Remaining bearish in the face of bullish trends is not awesome! I'm just laying out what I'd need to see to turn more bullish. More people should do this! D
@@DKellerCMT Awesome! Thanks for the reply 👍
Awesome Dave
I don't think the market is going to plunge as much as people expect because of 0DTE. people don't seem to understand that's been a big factor in the market grinding higher and higher ever since 0DTE was implemented
How so?
You're looking at the wrong market dynamics. It's the Treasury and the Political Reserve. That's it.
@prolific1518 Exactly! The market/ economy will be propped up by the Treasury and the Political Reserve until the November election. They'll do everything they can to ensure Democrats retain the Whitehouse.
After the election, watch out below!
Would not agree that 0DTE options in some way created this bull market. Lots of other more powerful forces out there! But it's definitely screwing with the VIX D
Possible bull trap
💯 D
Markets doing what they do often and best - wrong-footing the bears!
Exactly. That's the whole strategy of the Big Boys... to fake out as many small traders as possible, then take their money. They used to call it a shakeout.
It's tough to be bearish sometimes! D
You go back and forth! So confused..
Market in a transition period. Volatility means things change very quickly! D