@dana_marlane It has been known for a while now that customers are spending more time shopping online vs. in-store. Shift in channel sales mix means nothing unless both retail and digital sales are growing incrementally.
@acethekid Did not trust that fakeout breakout. My theory is that it was due to massive amount of call options being closed. Made $700 shorting it and probably done for the day. Let's see.
@BlueHarbinger Mark, I am curious about your thoughts regarding the chip export restrictions to China and how it might impact NVDA’s ability to meet/raise guidance for the upcoming quarter. $BABA ‘s ER report last week seems like the canary in the coal mine.
@TrendSpider There is a theory going around that this rally was due to widespread short covering. See Citi banks latest quarterly filing on shares sold but not purchased. Technicals signal a reversal but only thing that matters from here is how $NVDA reports and guides on Tuesday.
@vnkumarvnk Playing the 11/24 contracts on Wednesday after earnings will have the best risk to reward considering that the market is closed on Thursday
Gap fills happen because of liquidity draws between key levels of supply and demand. In a downtrend, stocks can “gap up” as it approaches demand zones (oversold levels) and hitting resistance before continuing lower. In an uptrend, stocks can “gap down” as it approaches supply zones (overbought levels) and hitting support before bouncing higher.