Shorting Nvidia
StatsEdgeTrading
Welcome to this week’s Weekend Market Wrap-Up! Despite battling a bout of "daycare plague" this week, we’ve got plenty to discuss across crypto, currencies, commodities, and equities. Let’s dive in to see what moved the markets and what I’m watching for next week.
Highlights of the Week
Big Wins for StatsEdgePro Members:
OMER 0.00%↑ : Entered at $5.83, rallied to $10.40—a solid trade.
LUNR 0.00%↑ : After some initial chop, Thursday and Friday produced excellent gains.
👉 Want these kinds of setups? Check out all the backtested data and results at StatsEdgeTrading.com.
Bitcoin Approaching Key Levels:
Continued its march toward $100K, with a cup and handle breakout playing out beautifully.
Scaling out between $95K–$99K due to the psychological selling pressure expected at $100K
Equities Show Underlying Strength:
S&P 500 was flat, but the RSP (Equal-Weighted S&P 500) hit all-time highs.
Midcaps (MDY) and Microcaps (IWC) also reached new highs, showcasing strength beneath the surface
Gold’s Comeback:
After bouncing off $2,500, it rallied to $2,700, reflecting renewed strength post-election.
Discretionary Trade of the Week:
Watching NVDS, the inverse Nvidia ETF, for a breakout as a potential hedge against broader market positions.
Key Takeaways
Market Leadership: Focus remains on relative strength in equities, with midcaps and microcaps leading.
Crypto Approach: Stick with leaders like Bitcoin, but watch for anchored VWAP breaks in altcoins.
Diversified Strategies: Balancing trend-following positions with hedges like NVDS ensures a well-rounded portfolio.