roycejakob

roycejakob

The Nasdaq100 NASDAQ:QQQ is having its worst day in months. We've known that a significant correction in BIG tech (The Mag-7) was coming. We didn't time it perfectly, but we timed it pretty darn well, and now, we're reaping the lucrative rewards of being RIGHT! Our 7/19 $77 NASDAQ:TQQQ put options nearly 7X'd this morning. I never "like" trading contracts...

roycejakob

Nvidia NASDAQ:NVDA , the A.I. Behemoth, and darling of the 2024 hype-cycle... POP! With this -6% fall, NVDA has broken below that line of short term support. In my mind, this break has just solidified the 2nd WAVE to the downside. I believe we'll experience some support around NVDA's 50-day moving average (-2.7%), but I stand behind my thesis that Nvidia stock...

roycejakob

The Nvidia (NVDA) fire is finally starting to cool down. Some (myself included) may even say that these are the early signs of the "bubble" beginning to "pop". I don't doubt the fact that Nvidia is an amazing company, and that they're providing the "picks and shovels" for the next wave of the technological revolution. What I do doubt is the valuation that ...

roycejakob

I don't "enjoy" shorting companies/ stocks, but this chart was too beautifully bearish to pass up. If this massive head and shoulders pattern plays out it'll be incredibly satisfying, and even more lucrative! Personally, I'm holding a healthy number of: NASDAQ:BYRN 6/21 $10 puts