NoBrainer 🧠

A leap of faith, that’s all it is 🕷

At $SPX 7500 now Might be worth trying a put back towards 7490

$SPX $SPY Sitting at 7440 7450 will be the first test and if breaks we get aggressive push into 7470 / 7475 / 7500 An extended push bring us to 7550 then 7600 Sitting at 7440 7400 will be our first downside test and if breaks, we get legs into 7350 / 7320 / 7300 / 7275

When I do the sector rotation for $SPY + the industry rotation in $SPX Then I give you individual names from the strongest sectors. It’s not for you to like the tweet and just forget about it. If you’re going to trade, trade the strongest names, from the strongest industries that belong to the strongest sectors

It’s not the strongest or smartest that survive …. The ones who survive are the ones willing to change

NVIDIA BOARD LAUNCHES INDEPENDENT PROBE INTO REPORTED INTEL TARGETING OF CEO JENSEN HUANG NVIDIA BOARD SAYS NO REASON TO BELIEVE SECRETS OR U.S. NATIONAL SECURITY COMPROMISED NVIDIA REAFFIRMS CONFIDENCE IN HUANG, SAYS CEO FULLY COOPERATING WITH REVIEW $NVDA

So we are all waiting on $SPX 7000 to go long ? Okay cool.

All the big accounts talking about $VIX divided by 16 or 15.87 right now. It’s laughable how unoriginal / how trends are formed I know at a certain point, cost is nothing if you have enough movement. But for the people with smaller accounts please be careful. Buying $SPY options right now can kill you. Since October 15, the pricing for options have skyrocketed by nearly 2-3x for a 1-3 OTM contract. If you don’t manage your expectations while buying relatively overpriced options Your account can get killed even faster You overpay, but your “payoff” (delta for 1-3 OTM) will remain the same. A move that used to pay you 50% to 70% is now paying you 15% to 30% On top of that because premiums are inflated, the theta effect is magnified / drains the premiums faster. BE CAREFUL.

Semis, Memory, Technology, Space and Bank sectors leading this up move premarket $SMH $DRAM $XLK $MARS $KBE

Some of you have never experienced a limit down in a real bear market, a market that keeps dipping for an unsettling amount of time. $SPY

Who could have expected a sell like this today ? Only a market maker.

$SPX $SPXW $SPY 11/05 SPX hanging around 7700 overnight currently MM is short calls and long puts around 7700, net bearish positioning. He’s mostly long puts in that area so it’s positive gamma and will be an area where we slow down, but will speed up as we move away from it. If break above 7700, he will be forced to buy futures to hedge his bearish positions, which can send us 7735 / 7740 / 7745 If break below 7700, we slide to 7670 / 7650 / 7635

I wonder if the global financial system is prepared a “shocking” event