Today I was forced off the sidelines by the flow in NVDA. I got long near the close of Thursday trading. It was a clear signal from my Xray indicator.

As well there was a penetration of the Volume Point of Control off the recent high that had until Thursday capped price action. I still don’t believe the overall market is going anywhere, but it is a market of stocks, not a stock market, and looking at the action in AMD over the last week, drives that point home. Also embrace buying the underlying and then selling a call option against it on a rally. Premiums are generous.   

Thanks

Joe