Pro Macro: Flash Update August 25, 2023

Published on: August 25th, 2023

Nvidia hype and subsequent price action provides the “tell”. Patience no more. The tension discussed in previous pieces will be resolved to the downside.

Comments

  • SL
    Steve L.
    25 August 2023 @ 17:50
    3 0
    What option setup would you recommend? Thks
    • LM
      Lawrence M.
      28 August 2023 @ 16:04
      0 0
      He said the end of October at current levels. Why not just buy an at the money QQQ with the oct 20th expiration? Roll out if needed. The cost at the time of this note was 970 for one contract (364 oct 20,2023 put)
    • AF
      AARON F.
      28 August 2023 @ 09:52
      0 0
      I'd also love to know, thanks.
    • AF
      AARON F.
      28 August 2023 @ 09:52
      1 0
      I'd also love to know, thanks.
    • AF
      AARON F.
      28 August 2023 @ 09:52
      0 0
      I'd also love to know, thanks.
  • TB
    Tony B.
    25 August 2023 @ 18:40
    0 0
    Too short a bubble: add the biggest number you can conceive, double it, and add a little bit more. That’s your entry! At least when it comes to NVDA idk about NDX due to the profit less stocks. Perhaps 13,800 is 🎯
  • JL
    J L.
    28 August 2023 @ 15:21
    0 0
    it would also be good to know when to aim to close bond shorts given new developments, thanks
  • SR
    Steve R.
    29 August 2023 @ 09:21
    3 0
    This is a ballsy call. Global liquidity is once again increasing giving a tailwind for stocks. Everyone wants/expects the market to go down which is probably why it won't. Sideways chop may be the best you'll get. I'll pass on this one.
    • JK
      James K.
      29 August 2023 @ 16:22
      5 0
      NDX hit 15,346. — Stopped Out
    • JK
      James K.
      29 August 2023 @ 16:07
      0 0
      QQQ - up 1.85% today …up 0.8% yesterday also … Ugh
  • JM
    John M.
    30 August 2023 @ 16:54
    1 0
    Any thoughts on the last few days?
    • SR
      Steve R.
      31 August 2023 @ 03:48
      2 0
      If Raoul's "Everything Code" is indeed correct - DON'T SHORT THE MARKET!
  • RR
    Raj R.
    24 October 2023 @ 15:32
    0 0
    Tough market