@NickWoolos Them releasing that they are “considering replacing him” means they have already decided they are replacing him and are giving him the opportunity to exit on his own terms.
Ooooooooh that's just mean. Closed it with a rejection of the 100DMA by five cents. A lot of kids in here who think every dip should be bought just got trapped, bigly.
@MichaelPBento This action is very reminiscent of march correction lots of big up and down days on march 10 we rallied from 200 sma to 100 sma and then dumped for 2 weeks so I see all this as a major bull trap we crashing tomm…
@MichaelPBento Permabeat or not.
You are cautious up here which is the sane thing to do. Technically and fundamentally, sp and naz doesnt have much upside room. 800 max before it comes rolling down to a much larger correction. Growth is there but inflation is ticking up
@MichaelPBento I think I recall you calling for vix crush like the rest of us who caught the dip and then being a bit uncertain to exact future moves up for spy before more downside. Kind of like myself
And the finger pointing begins. That means this Nvidia spy scandal is just getting started and will probably get much much worse if these two are jockeying the throw the other under the bus.
BESSENT CONFRONTS LUTNICK OVER NVIDIA CHINA CHIP SCANDAL
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over his failure to blacklist Megaspeed, an Nvidia ($NVDA ) customer accused of diverting US chips to China.
According to Axios, Lutnick replied: “I don't know. I'll look into it.”
Sources allege Lutnick resisted action despite intelligence warnings, fearing an escalation of the US-China trade war.
The confrontation deepens scrutiny of Nvidia's China ties and the administration's handling of chip export restrictions.
Just in case VIX closes under 20 again today, I wanted to know what happened in the past when VIX closed back-to-back days over 25 and then closed three straight days under 20.
Problem is...
It's never happened before.
In 36 years of data.
Ever.
Until today, possibly.