While the semis decline may be a warning sign for the intermediate to longer term, we may be approaching an area where SMH and its representative holdings may stage a rebound attempt. Let’s look at NVDA and QQQ in today’s short holiday edition of our newsletter.

The slow grind continues as non-tech indices lead us higher. With the VIX back in an area that was resistance-turned-support, will the grind higher continue or will we see a pullback first?

Well, there it is, or rather, there they are. We saw the VIX drop to 14.5 and SPX hit 6000, with a reversal immediately occurring thereafter. Let’s look ahead at the short week and talk a little about positioning into December.

Intraday action has been tricky lately, but the highest probability still points toward higher, even if briefly. What do we see looking at this upcoming shortened Thanksgiving week?

We’re right on track for our highest probability outcome to come to fruition, including today’s rally to the Hull Moving Average on QQQ, SPY, and SPX. Tonight, let’s look at the next scenarios more closely.

The VIX continued its climb, making yet another recent high, yet we see a potential reason for bulls to be optimistic heading into the end of the week.

The VIX made a higher high today, reaching the 18-area that we’ve mentioned as the zero GEX level. We are still within the range that we’ve expected until we are beyond VIX monthly option expiration in the morning. What’s next?

We saw a dramatic positive reversal in GEX for indices today, while price action was positive, though not overwhelmingly so. Looks like the next move will boil down to the resolution of VIX expiration Wednesday and NVDA earnings thereafter. What clues do we have at the moment?

The VIX spike arrived just in time as we were warning our readers last week. We can’t spend too much time taking victory laps, we still need to make money tomorrow and the next several days and weeks ahead. What’s next?

The negative divergences and signals we’ve been noting have seen some follow-through, and we might not be done just yet.

Negative divergences are starting to build up, though previously mentioned AAPL and MSFT have kept indices composed, for the most part..At least for now. Is the VIX getting ready to spike?

Indices are struggling to push higher this week, though downside has been very limited as of yet. Tomorrow morning we will see the CPI report premarket. Will this shake the market out of its slumber?

Negative divergences emerged this morning as QQQ had a sharp intraday drop, only to be “saved” for a relatively flat close. Welcome to OpEx! But can CPI and PPI as well as Powell perhaps make this week a little more interesting than some?

Broader indices are showing signs of needing a breather, but heavyweights AAPL and MSFT point to the possibility of yet another push higher which may yet extend our wait for a deeper pullback.

QQQ hit our 515 target and SPX is a stones throw away from 6000. The VIX has reached 15. This is where it gets tricky..

We saw GEX’s “predictions” play out nicely with the aftermath of the US Presidential elections, but we’re quickly approaching short-term resistance. Will we blast through or is it time for a pause? FOMC tomorrow may have a part to play in the outcome.

Markets rebounded today, possibly signaling some degree of confidence that we will have a winner announced in short order. We also noticed bullish realignment of SPX GEX, with higher strikes reflecting shorter term expiries than before. Will we see 6000 sooner than expected?

As the election approaches, the VIX appears ready for a spike, yet we also see several stocks and indices poised for a possible rebound. Which is correct? Are both correct, but on different timeframes?

SPX closed 10 points lower than it did for the week ending September 23, also its 2nd down week in a row. Are we heading for an election low point or will we rally for a couple of days and then head lower? Will the election even serve as a pivotal juncture?

The market decided to gap down this morning following MSFT and META earnings, and AAPL and AMZN have fallen further after hours on their own reports. Seasonality happens..