Are more green days on the way? + NVDA Dive
Prospero.Ai Market, Trading and Portfolio Update 8/21
From our 8/20 letter:
We are more Bearish on the whole and will set lower levels on QQQ. But as a last warning, watch out for a Bull trap this week, it is becoming too popular to be Bearish and anything getting to popular puts that strategy in danger of being tested.
We do think what we wrote yesterday is coming true fairly quickly and this Bull turn will be short lived unless NVIDIA has another amazing earnings report which could be a catalyst to turn around the especially Bearish tech shift. We will tell you what to watch for below.
Covered in this letter:
NVDA earnings update
QQQ and SPY Net Options Update
Our best screen for now
Model portfolio update
Advanced trading recommendation
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