Desperate institutions/corporate buying so executive/management personal holding funds sells , loses will be written off, sorta last resorts measures
Days like today I’m waiting for the last 30 minutes of the trading day to see what is what as far as bargains unless some more bad news comes during the day and triggers another sell-off….in which case more bargain-hunting.
I think there's some data to show buying towards the end of the day based on a 4 hour chart is better...at least for long term holds.. too much emotional trading during the first half of the day.
It keeps whipping back and forth between green and red. Thankfully I am not a day trader and I am long.
because of this development today, i am willing to take a gamble on NVDA, in the process, deviating my previously plan to wait for the (fear index) VIX to dip to the low 30s Trump administration backs off its ban on Nvidia's 'H20' chip to China after Mar-a-Lago dinner Following the Mar-a-Lago dinner, the White House reversed course on H20 chips, putting the plan for additional restrictions on hold, The planned American export controls on the H20 had been in the works for months, and were ready to be implemented as soon as this week. The change of course from the White House came after Nvidia promised the Trump administration new U.S. investments in AI data centers, according to one of the sources. when NVDA was trading ~~99, sold this bullish PUT spread, using 5-23 expiration buy to open 95 strike PUT, sell to open 105 strike PUT, collecting a preium in advance of $7.90 i am betting that NVDA will trade above 105 on 5-23; risking $20 to win the $7.90 premium. on expiration day, should NVDA trade above 105, the spread that i sold will become worthless. i get to keep all the premium NVDA's next earning report will be on 5-28-25
Assuming they have more planned than just China tariffs then this 90 day pause allows them flexibility to undertake the other sweeping actions that Miran and Bessent have mentioned as their goals after Trump botched the roll out of their plans.
It was a Merry go round of reasoning. And them pausing the tariffs is just another spectacle in this **** show because absolutely nothing changed for the other trade partners for existing trade barriers. We do not have factories here making iPhones. And we did not resolve our trade deficits.
What was my earlier prediction? Oh...yea...Trump Social tweet (he didn't say this...but could): "I just got off the phone with my good friend Xi! WE DECIDED to negotiate a FAIR TRADE DEAL between our countries. At this time, I will be pausing ALL RETALIATORY TARIFFS on China so negotiations can begin."
