Trump Media – DJT
DJT Stock Goes On Wild Election-Day Ride
Shares of Donald’s Trump struggling social-media upstart are up about 5% Tuesday, extending a recent stretch of volatile trading with traders anxiously awaiting election results. At its high on the day, Trump Media & Technology stock was up more than 18%. It fell sharply after 2:30 p.m. ET and was down as much as 8% on the day before turning positive again.
Betting on the White House ??
Nvidia – NVDA
Nvidia Put Option Premiums are Sky-High – Good for Short Sellers Ahead of Earnings
Nvidia Inc. (NVDA) stock is floating higher as analysts keep raising their price targets and revenue forecasts. Put option premiums are sky-high, giving short sellers high yields in out-of-the-money put strike prices in close expirations.
NVDA is at $139.26 in midday trading on Tuesday.
EURUSD 4 HOUR CHART – AMAZING TRADER LEVEL
You have seen me post about my (more than just a) charting algo, The Amazing Trader and what you see on this chart is no coincidence.
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In fact, if you scroll back, you will see me cite this as a key level.
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‘FWIW I would not have drawn this line without AT.
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The only certainty following initial election results is there will be just as much if not more uncertainty.
I think US stocks in particular will go on a bull run regardless of who wins after the dust settles but the magnitude will be greater if Trump takes over. It will be fascinating to see how many outfits make ill advised moves out of emotion and denial.
This will be a contested election no matter who is looking like the winner and the dust won’t settle in the first 30 minutes.
In 2016 markets went absolutely ballistic. If you are participating you had better be sure you are correct.
BTCUSD 4 HOUR CHART – ELECTION INDICATOR
BTCUSD may be setup to have the most volatility given Trump’s support of cryptos while Harris has not made it an issue.
So, let’s pick a range and ask whether 60K or 75K (7500 pips either side of 67500) are safe in any knee jerk reaction to the election result.
On this chart, watch the trendline, close to being tested today.
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