QQQ has the setup for a breakout, and if this market is going higher, all roads lead through NVDA. Its squeeze is an absolute monster. Before any of it pays, the bond market and the dollar have to cooperate, so I walk through the HYG and dollar levels I’m watching, my three pivots on SPY, NQ and ES, and the trades I’m in, including MSFT and ANET.
We just entered the strongest stretch of the 4-year presidential cycle, and today’s S&P dip got bought right back up. I break down the new October monthly Quant Pivots, why Micron’s great earnings were already baked in, and how Accenture lifted the whole software group. Jobs report hits tomorrow morning before the bell.
SPCX has spent a month digesting $150, and the squeeze is sitting in its ideal formation with the 21 EMA starting to turn up. SpaceX has a crewed Falcon 9 mission and a Falcon Heavy launch scheduled this week, so I explain why I’d trade this with options instead of shares.
In this video, I show you where I actually want to buy the S&P and the tight stop that comes with it. I also review how the XOM trade from last week’s video paid, then lay out the MRVL broken wing butterfly I am eyeing for the October monthly.
The Nasdaq closed down about 1% today and the 10-year making another new high is the reason. Underneath it, the squeezes are still building and energy looks ready for another leg higher. I walk through why I am still holding my Nvidia shares into the $150 billion buyback, and why I want a pullback before I do anything in the options market.
