Fed and Nvidia Are on Tap

Hey! There’s a really informative webinar coming up on February 23rd from SpotGamma called “Vanna - Feel The Force (IT’S A TRAP!!!)”

To register for the webinar, please visit this link. I think it will be very helpful and give some good insight into how options impact the market.

Our View

I don't think there is anything wrong with being a pessimistic bull. 

From its March 2020 low, the S&P has rallied about 120% and from its 2022 low it's up about 45% — and that pales in comparison to the Nasdaq. The markets have gone so far that I can't imagine that there won't be some type of hiccup. 

I don't think we need to go over the ever-growing list of economic and geopolitical problems, they stare us in the face every day. That said, I try to stay on my plan. I don't venture out into the stock market theories (but not when it comes to our elected congressmen and senators, they just have too much information that we do not see or hear and never will). 

A few years ago a well-known financial company called me. They wanted to know if I would do a video calling for an all-out crash in the S&P. I'm not kidding, several videos they did got millions of hits and my name/company would have gotten more exposure than I ever had, but I didn't think the markets were going down and that's what the company wanted me to say. 

No one knows for sure where the ES is going, but with the S&P and Nasdaq up so much — and up 14 of the last 16 weeks — this is something to think about. I’m not endorsing him or saying to sell your stocks; it is just another part of the phrase we have about money being made the old-fashioned way... or the boys with the better seats. It is called insider knowledge or in simpler terms, front running and they all do it. There is no way they are this smart! right?  

And don’t forget, Nvidia reports earnings tonight. Here’s the implied move. FOMC’s at 2pm ET, too.