Queso Trades

Just a man who likes cheese and trading

[Queso Trades @QuesoTrades]

$20 Account Challenge update!

+5.93% for the day
+34.87% for the week
+583.70% YTD

Sitting short $CRWV with $CORD. Think todays action sets us up for the next leg down next week, the major events are out of the way and we have midterms around the corner.

Midterm September is the worst performing month in the entire 4 year cycle. Now we have interest rates rising with Warsh's hawkish speech and data centers becoming a political punching bag. Those things hurt $CRWV the most.

I think people are starting to realize LLM's as the emperor of AI is not going to lead us to the promise land. Where it's capabilities give true technological unlocks. It's a good tool, but the underlying mechanics leave it incapable of becoming truly autonomous successfully. This is a massive issue for how much money has been spent and is being spent as it will not be able to make enough to pay the bills.

Clock is ticking, they need a miracle, and even then... they are probably screwed.

$NVDA $QQQ $SPY

[Queso Trades @QuesoTrades]

@OhMyOhMar Every day is pinned. Need to get out of gamma hell to get some real intra day moves.

[Queso Trades @QuesoTrades]

@Banana3Stocks How in the world is this oversold? Nothing is oversold. Copium to the max

[Queso Trades @QuesoTrades]

So are you just holding because breadth didn't show a divergence, hoping this correction doesn't become a crash?

I keep telling you breadth is a terrible metric, it doesn't tell you what's being bought and what's being sold. Tech and Semis have been off highs for months now. Rotating that money into defensives isn't bullish, it's a warning sign. Your breadth metrics don't tell you that.

Black swan could be private credit. Look at $BX $OWL starting to free fall.

Or a massive escalation in the war, terrorist attack or something of the like could happen at any time.

[Queso Trades @QuesoTrades]

@DariusDale42 @TheTerminal Is this what socialism feels like?

[Queso Trades @QuesoTrades]

$DELL nasty reversal day after a spike this morning. Opening a short position here.

Short $CBRS $CRWV $HUT

[Queso Trades @QuesoTrades]

Overall market seems super heavy, AI stocks seem like they are getting an intense short squeeze at the same time... crazy price action. $CRWV +15% while $NVDA down almost 2%. $NVDA massive reversal today after trying to break out, looks extremely bearish. Just shocked at how the other names are squeezing while that's happening.

[Queso Trades @QuesoTrades]

What is this market lol

[Queso Trades @QuesoTrades]

Extremely bullish price action today on all the AI trade names... don't stand in front of a freight train.

Closing out shorts on $AAOI $CRWV

Which names are closest to their 52 week highs, who have held up the best?

$BE $SNDK $MU $LITE $NVDA

[Queso Trades @QuesoTrades]

$SPCX From failed moves come fast moves...

[Queso Trades @QuesoTrades]

$SPCX Watch for how price reacts here, important level! Break above the previous highs around 150 and reversal would be 3 push attempts. Highly likely at that point it would need to test the lows around 100.

[Queso Trades @QuesoTrades]

@wallstengine Lmao

[Queso Trades @QuesoTrades]

@RealSimpleAriel Bull Trap

[Queso Trades @QuesoTrades]

@alphacharts365 Someone break out the "Mission Accomplished" banner!

[Queso Trades @QuesoTrades]

$QQQ $SPY

[Queso Trades @QuesoTrades]

$SPCX Watch for how price reacts here, important level! Break above the previous highs around 150 and reversal would be 3 push attempts. Highly likely at that point it would need to test the lows around 100.

[Queso Trades @QuesoTrades]

Nothing feels better than being short $AAOI $CRWV and they can't find a bid even when the market rallies.

Feels like a bull trappppp $QQQ $SPY

[Queso Trades @QuesoTrades]

$USDJPY having one of those days...

[Queso Trades @QuesoTrades]

@smartertrader Ah the classic humble "I'm right and the only way I'm wrong is - it's completely rigged"

[Queso Trades @QuesoTrades]

@OhMyOhMar Market seems directionless and desolate. No volume, no movement, just dead. Someone wake it up!

[AGIHound @TrueAIHound]

The rise of the LLM zombies

I'm amazed by the amount of doomer BS people can extrapolate from fake AI. I'm amazed because none of them knows the first thing about intelligence.

The AI community is woefully ignorant of what nature tells us about intelligence. Their education is limited to LLMs, which are statistical word completion algorithms that mimic intelligence by cheating on a massive scale.

One would think that AI experts and influencers would want to find out what nature (biology) teaches us about intelligence. For some inexplicable reason, they're not interested. We are witnessing the rise of the LLM zombies. I weep. 🤦‍♂️

[Queso Trades @QuesoTrades]

The pinning action on intraday trading has been absolute insanity the past few weeks. Only moves overnight/first 90 mins and then just pinned. Bodies of these candles are tiny. $QQQ $SPY
😴😴😴