Cut loss NVDA, Let Profit Run for UUP

Quick update, we cut loss for NVDA position, because it break the support. Meanwhile let profit run for UUP, it break resistance which give uptrend signal.

Dow jones also break support. Looks like dollar will go up meanwhile stock market,gold and oil will go down. The dollar carry trade may start to unwind, stock market may continue to go down for short term.

Best regards

Snip

NVDA buy on support, UUP start up trend

NVDA has touched the support $16.50 and rebounded. The us market down 4% last week. This could be a major pullback and also could be a opportunity for go in for long position.

Go long NVDA on Monday.

For call option can choose call Feb or March strike 16.

Dont forget to set stop loss according to your money management.

Dollar ETF (UUP) has touched important resistance line, expect to see dollar go higher if break the resistance line. UUP also has created higher low which indicate that the dollar can start the uptrend. For call option can choose call March strike 23.

Dont forget to set stop loss according to your money management.

If usa stock market continue go down, the dollar will likely to go up

Best regards

Snip