I’m glad many of you put some longer capital to work on last Thursday’s close when I put a tier of my wife’s BOS account to work. If u did buy $spy in ur swing account. Ur up only 30 points. Trim and Trail
A lot are asking. I made the call to my wife. She put an order for the BOS account. Only 25%
Not a 1/3rd. To start small. It’s 19 for 19
It’s only been tier#3 twice out of four tiers.
📺 BE CAREFUL WITH THIS OVERSOLD BOUNCE + $SPY / $QQQ KEY LEVELS + $CRWV SENTIMENT SHIFT & A RALLY IN AI STOCKS? + $TSLA CAN THE RALLY EXTEND?
After last Thursday's breakdown below the post-election gap, the market began stabilizing Friday, gained momentum Monday, and held much of those gains Tuesday.
We are pushing higher again today, but the big question remains: will this strength stick, or is this another oversold bounce heading into major resistance?
$SPY is trading around $756, already above Tuesday's high and testing Monday's high. The next key level is $758.
$QQQ is showing even greater strength, reclaiming $682 and approaching its 200-day moving average near $685, followed by resistance at $687.70.
My approach? Trim and trail profitable positions rather than chase an extended rally.
Meanwhile, my Blood in the Street account is still on.
Last Thursday, with $SPY roughly 6% below its highs, I deployed the first 25% allocation. If the market falls 15%–20%, I'll consider adding more tiers.
My plan is to hold the initial allocation until the market returns to all-time highs.
$NVDA is bouncing after becoming deeply oversold, trading near $174 pre-market, up almost over 3%.
Immediate resistance sits at $179, followed by $185. Can Nvidia sustain the opening gap, or will sellers use the rebound to exit?
$CRWV is emerging as a key sentiment indicator for AI stocks following its earnings report last night.
Third-quarter revenue surged 168% to $3.66 billion, beating expectations, while its adjusted loss was narrower than forecast.
CoreWeave also raised its 2026 revenue outlook to $13B–$13.3 billion, with backlog reaching $132.5 billion.
But risks remain. Its net loss widened to $709 million, debt obligations approached $47 billion, and planned capital expenditures stand at $37 billion–$39 billion.
After losing more than 40% in a month amid financing concerns, the stock is surging over 13% today.
Is this a genuine sentiment shift for AI infrastructure stocks or another temporary relief rally?
I see potential resistance near $58 and would caution against chasing the opening gap.
There are a lot of stocks benefiting from #CRWV today, like $NBIS for example, with a possible recovery toward its overhead gap and 21-day moving average.
Semiconductor and storage stocks, including $MU and $SNDK, are also attempting to recover toward overhead gaps and moving averages.
Meanwhile, $TSLA has staged an impressive comeback. The key pivot is $382.
If buyers can hold above that level, I see potential for a continuation toward $396. But losing $382 could put the rebound at risk.
So, looks like buyers are finally showing commitment, and AI stocks are helping drive the recovery.
BUT remember sharp oversold rallies can run into significant resistance.
Watch $SPY at $758, $QQQ at $685–$687.70, and $NVDA at $179–$185.
The rally has room to run, but the real test is whether buyers can sustain the momentum.
If you found this helpful, please ❤️like and 🔁retweet
$SPX futures +70 as $CRWV and $NVDA boost tech sentiment. Watching whether early strength holds or fades, with key resistance at 7577 and 7635. Yesterday's action showed buyers stepping in. Trim into strength, trail stops, and stay disciplined as we see if this rally can last through year-end.