NVDA Matters to Market Returns

My notes upon closing my trading room at 11am ET:

Now THAT'S A FADE!!! And a perfect example of "buy the rumor; sell the news" on NVDA !!!
A lovely intraday fade of which I have greatly enjoyed guiding clients through this morning.
Exquisite technical intraday action but I have NO EDGE into Jackson Hole.
I can only continue to recommend that this bounce I expected FROM QQQ 355 INTO 270 is over and the rejection of 372 at open was a great place to chase short but we still NEED a wkly close < 10W for all those mega cap tech plays and indices to safely swing short.

Having said that, it looks like we are going to get it.

Something Smells Fishy

READ THIS THREAD if you are curious why my X feed is excited about my Nvidia findings: https://twitter.com/SamanthaLaDuc/status/1694818451104080234?s=20
I might have unearthed a massive accounting scandal on a market darling - a $1T mega cap tech play: NVDA

Now here's my warning...

This morning I gave clients $470 $NVDA by Friday. We hit it today ;-)
But this is MUCH bigger than a chase trade...Because the reason for the sell-off is more than enough reason for market to flip negative gamma AND trigger volatility. CAREFUL I gave my warning for bond bulls last week. Now?
Equity bulls need to defend here.

---

Did you enjoy #samanthas-market-thoughts posted above? Then you would love full access to her and her live trading room, detailed macro and intermarket analysis, not to mention full portfolio of trades across Chase, Swing and Trend timeframes!
Upgrade to CLUB or EDGE today!