Mon 11/7/2022 8:13 AM
Good Morning
Spy was up roughly 1.44% on Friday, we hit resistance right at the 50 Day Moving Average and we were rejected hard.
If SPY can break and close above $390 the bulls would clearly take a run for Spy $400 and higher…but remember, we
are in the midst of a counter trend rally that will end shortly.
NVDA-We recommend shorting the gap up on the open, we are Short 2000 shares but plan on shorting a lot more if we get that gap open, if not we will wait.
Cheers
G. Allan Collins
