The market is right back to the highs of yesterday morning, with the ES trading at 5,236 as of about 2:40pm ET, after dipping as low as 5,186 just before the market open. NVDA had their keynote speech last night, where their CEO delivered their newest chip that has 208 billion resistors.  The Bank of Japan raised rates today for the first time since 2007, but the Yen actually weakened on that news as the BOJ sounded a bit dovish with no further plans to hike as of now. The USD/Yen is back pushing recent highs above 150.  The market...

ORCL spiked higher last night following their earnings on a strong forecast and blacklog of orders and performace obligations. The stock is trading near $128.50 as of 8:45am ET. ORCL is trading right near all time highs. This market will have some volatility this morning digesting a hot CPI number.  Place an order to close out or option trade at $1. We will need a move back to about the $124 range to get executed but sometimes equities rip one way or the other when markets open and we find out where supply equals demand. Get your order in just...

This VIX has spiked higher this morning as we have a rollover in the futures contract for the ES, which is the only reason why you see an all-time high print of 5,196 on the Futures charts that's first in this newsletter.  If you look at the ES on a weekly basis all the way back to when the market made highs at the start of 2022, we are now on the verge of a 1 to 1.618 expansion, which would bring the market to around the 5,615 price point. This price area is right above the 1 to 2.618...

This market is pushing higher today, with the usual leader NVDA up 6% at $871 as of about 3pm ET. AAPL and GOOG are not participating; they are down about 2.5% and 2.75% respectively. Even with NVDA up 6% today, the NQ is still in the red, and the ES is positive by about 7 points. We get a ton of economic data this week. Powell speaks in front of the House on Wednesday, and then the Senate on Thursday. ADP private payrolls Wednesday. State of the Union Thursday night. Non-farm payrolls Friday morning (wages and jobs etc etc). And a possible govt shut...

Markets have spiked higher on economic data out at 10am pointing to cooling consumer sentiment. "US consumer sentiment fell in February for the first time in three months as current and expected views of the economy deteriorated. The sentiment index declined to 76.9 from 79 in January, according to the final February reading from the University of Michigan. The figure was lower than all estimates in a Bloomberg survey of economists." - Bloomberg If the SPY hits $511 then close our SPY credit call spread that expires today. The SPY is currently trading at about $510, and our option trade is currently...