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NVDA US Senators said to plan bipartisan effort to block advanced chip sales to China; Act would seek 30-month delay in export licenses; Would prevent sale of H200 and Blackwell chips - FT - Source TradeTheNews.com

Market shaking those weak hands today. Impressive 5m vol candle on the SPY. Completely bounced and back to flat on the day.

I mean, there is precedent. August of last year we had a very deep dive in the overnight specifically linked to the Yen carry trade. It's not a nothing burger when it can move markets this much: SPY Mon Aug 5th 2024 More detail from Grok: On Monday, August 5, 2024, US stock markets...

Gamma positioning in SPY is very heavily skewed to the upside.

On top of the 20D MA, which is a first step. Needs to get above this 94k selling level.

META +7% Remember all of those retards buying Metaverse virtual "land" for stupid money during pandemic days? Pepperidge Farm remembers.

I have a dirty UNH secret. I posted here I stopped out on break of the 100D. It isn't typical to reverse my decisions so quickly, but I did indeed rebuy lower at $311. Current position: My previous profits from the name (two trades in and out previously). Hoping we can finally round out and...

My position on this is similar. Who tf uses cash these days? I use my rewards CC for everything. Literally just tap my watch or phone to pay for a simple purchase as a pack of gum or cup of coffee. Every 2 weeks, I pay the balance in full. Never accrue interest.

God damn Bloomberg clickbait. Pentagon letter was from October 7th. "The Pentagon concluded that Alibaba Group Holding Ltd., Baidu Inc. and BYD Co. should be added to a list of companies that aid the Chinese military, according to a letter to Congress sent roughly three weeks before Donald...

There is fuck all put gamma out there. Everyone is pumping this into the holiday weekend. The real test will be next week when the big players come back to the table.

Sentiment is shit and should be shit. The home sales, I believe, is a sign of people trying to front run the next inflation wave. M2 supply still cranked, pausing Balance Sheet runoff, Fed about to join the rest of the central banks in rate cuts, $2k stimulus checks being written up... There...

Double decker taco!!

The trade the news wire on that exact headline was it was being pushed back by Repubs for rework.

Jesus fucking Christ. I’m moving the family stateside next year and the cost of healthcare is insane. I could get a top tier Cigna UK private plan for me, wife and kid for under $5k USD. Zero deductibles, the works. $30k+ in the US? What in the actual fuck?

Home prices are the problem because it also is directly correlated with property taxes and insurance. Lowering rates helps a touch, but overpaying on house price locks you in to high taxes and insurance for life. All of these pressures need to be factored into the affordability equation.

New lows 81.5k. Fwiw, NVDA falling off a cliff too. -3%

Bitcoin spike down to 82k. Bounced a bit. Quite the volume on that clear liquidation.

As if today wasn't busy enough, Japan commentary hitting the wires about a Yen intervention. In Asia, Japan may be closer to intervening in the currency market than many investors assume. Prime Minister Sanae Takaichi’s pro-stimulus policies might deter the Bank of Japan from hiking its...

Tech outflows the last 4 weeks are the greatest of all time since records began. Yowza.

This one boggles the mind. Doing my own dilligence. Seems like a recycled headline from Nov 10th:

NVDA continuing the bleed here after hours. Given up the 100D MA as well.

Ummm

No doubt. MSTR just going to continue share issuance diluting your position. Go with the Bitcoin ETF FBTC (Fidelity self custodies their Bitcoins) and sleep well at night.

SPY Gamma on close. Pretty bearish positioning.

Has he ever been this levered though?

QQQ 100D MA here. edit: SPY 100D too edit: NVDA 100D

If we get to 77k, I can see a big effort to force some Strategy selling of their Bitcoin positions. Which leads me to believe lower as well. Got plenty of dry powder waiting for that opportunity.

Pinch of salt... 14:19 Bitmine Immersion Tech Chairman Tom Lee: Might be nearing low in Strategy as large Bitcoin portfolios are using short positions in MSTR stock to hedge their Bitcoin exposure - CNBC - See 77K as potential floor in Bitcoin - Bitcoin has been a leading indicator for stock...

Not a healthy economy:

S&P -5.2% from highs. QQQ -7.8% from highs and into the Oct lows as well as it's 100D MA.

I was pretty bearish on NVDA prior to the AI hype train. We were coming out of covid lockdowns, everyone had updated GPUs for PCs on stimmy money (prolonged a future purchase cycle). Tech was selling off into 2022 and Bitcoin miners were vanishing following the Bitcoin price collapse. I saw no...

Just have to love analysts. In the premarket hype we got this gem: 08:59 NVDA Evercore ISI Institutional Equities Reiterates NVDA with Outperform, price target: $352 - Source TradeTheNews.com

I took my FBTC at 87k. Much bigger buy if we get to 75k

SPXL or pure SPY? How much conviction?

Important to note, SPY October lows line up nearly identical to the 100D MA right now. 652.75'ish Might be a great level to put in some longs. Especially as we are in single digit Extreme Fear in the market.

Ironically, UNH holding green here in the carnage today.