The s&p is only down around 5% from highs but many Big Cap Techs are down 30%+ from their recent highs.

Were we in a Bubble? Stocks like $HOOD up 500% since April? What about $CRCL & $CRWV? Ok maybe you can justify $NVDA going from $87.00 low in Aplrl to $212.00. But what about all the others?

If the market ends up making a correction here. 10% drop off highs. It would be a surprise as far as seasonality goes. The market usually does well after the October lows into the end of the year. If we do get a correction it will be because the #AI bubble is popping.

I've been trading conservative lately. I would of missed out big time if that 1.8% opening rally kept going. I only traded $NVDA long after its report after hours yesterday. I didn't lose money today.

The market is in trouble right now because if the bears can sell off the market after $NVDA has Blow Out Earnings. They can sell off the market again at any time.

With less than 6 weeks left for trading in 2025. I'm thinking about how to hold on to my amazing gains for this year and how to start trading strong from the get go in 2026. I really want to get ahead and make profits quickly and have another amazing year in 2026.

To recap today. I thought the market would pull back to support the 50 sma after the spike higher at the open. I didn't think it would crash through like that. When it did it set up for a system short trade that worked well. Short the s&p when it breaks below the 50 sma.

Another iconic bounce. Today's a done deal impossible to go negative again. But longer term next week more drops .

Russell up 3%. Truly iconic gains

s&p bounced a 100 points with ease. You always get bounces in the his market 100% of the time.

If the market wants to keep soaring higher today it needs the Big Cap techs to get hot.

I bought NVDA on the drop again today for a day trade. This trade usually works

The market volatility is tremendous these days. It's amazing for traders. You buy market drops. They always bounce

$GOOGL, $AAPL, $AMZN. Best of the big cap techs right now.

#AI trading runs the market now and they live to bounce the market from drops. Every drop bounces.

Late Nov. and early Dec. have delivered steady gains for decades. Last 6 trading days of Nov. and the first 3 of Dec. $SPX has risen in 24 of the last 26 years. Moves of 3% or > have skewed strongly to upside. $ES_F $SPY $QQQ $NYA $IWM $NVDA $AAPL $SMH h/t SentimenTrader

We've been in a Bull Market since April 2009. We had 3 large drops along the way. 1) 30% Covid drop 2020 lasted a few months. 2) 30% drop because of rising interest rates in 2022 lasted a year. 3) 30% Tariff drop that only lasted a month. The market made new highs quickly.

The danger is when the #AI bubble pops that it turns out like the Dotcom Bubble of 2000. 2000 -2009 was not a good period to be a long term investor.

That would be my best guess that this 16 year Bull market will eventually end either on the #AI bubble popping or socialism in the U.S.

Traders don't really care where the market will be for the next 10 years. It doesn't matter to them. It only matters long term investors. Now granted if you only trade long then it matters. It's easier in a Bull Market.