Weirdest Pre Market Ever

Pre Market Gaps

Author

Brother Bill
August 29, 2024

If todays Pre Market isn’t one of the weirdest of all time ever I’m not sure what is. The worlds #1 most watched stock NVDA took a 10% beating yesterday AH to rebound by 50% of it’s downturn this morning.

If you recall we here at investingwithfaith.com had been saying that there was 10% anticipated move, up or down, either way. That’s not our personal calculation, but rather how the Options markets had it measured. We played it with Bull Call Spreads. The same strategy that we showed on Tuesdays free webinar.

Those Verticals gave us the protection we needed hence we are fine here with this pullback. ( more on that later )

Currently NVDA is at $121.70 with heavy Volume here in the Pre.

S+P….. That proverbial line in the sand is still at the 5,600 level. It went under that yesterday. This morning we are hovering 5,620 area, lets see if it holds. If it does, this weeks sleepy traders will certainly wake up….. Time to grind…..

Invest wisely, live charitably and be well

Brother Bill

DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud...Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a 

guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

#stocks #stocktrading #stockinvesting #options #optionstrading #stockmarket #optionsinvesting #SPY #S+P #NASDAQ #QQQ #RUSSELL2000 #RUT #IWM #NVDA #AMZN #MSFT #GOOG #TSLA #AAPL #META #HD #HomeDepot #AGM #IJR #WM #creditspreads #debitspreads #LongCalls #ShortCalls #Calls #Puts #AGM #IJR #WM #CHWY #DHI #IRM #SPHB