Ross Cameron ScreenerThe 12-Minute Morning Flow (7:00–7:12 ET)
Open “Gap & % Gainers” list (pre-market).
Sort by % change; scan the top 5–10 only.
Hard filters (pass/fail):
Price $1–$20 (sweet spot $5–$10).
%chg ≥ 10% (≥4% absolute minimum).
RVOL ≥ 5× (today vs 30-/60-day avg).
Float ≤ 20M (prefer ≤10M; sub-5M = rocket fuel).
Catalyst check (white-/blacklist below).
Float rotation quick glance: Volume / Float ≥ 1× already? Bump priority if so.
Liquidity guardrails:
Pre-mkt volume ≥ 300k (tighten to ≥ 1M for safer fills).
Bid/ask spread ≤ 1% (or ≤ $0.05 under $10).
Tag 1–3 tickers as A-setups (everything else = B/C or ignore).
Mark headline times to anticipate bursts: 7:00, 7:30, 8:00, 8:30, 9:00, 9:30.
What to Trade (and What to Skip)
A. Green-list catalysts (prefer)
Earnings beats/upside outlook
Clinical results / FDA approvals
Material contracts/partnerships (not fluff)
Sector tailwinds (theme rotation—AI, GLP-1, China ADRs, etc.)
Technical/short-squeeze breakouts (OK even with no news if tape is clean)
B. Red-list catalysts (avoid)
Buyouts / M&A at fixed price (turns into a barcode around deal level)
Obvious promo/pump (OTC, newsletter spam)
Bankruptcy/provisional delisting (too binary; hard to manage risk)
The Scanner Recipe (copy these ideas to your platform)
Universe: All US stocks, price $1–$20, not OTC, primary listing.
% Change: ≥ +10% (pre-market) → sort DESC.
Relative Volume (day): ≥ 5× (or “Volume ≥ 5 × avg 30D”).
Float: ≤ 20M (display float column; you’ll eyeball ≤10M first).
Pre-mkt Volume: ≥ 300k (raise to 1M on choppy days).
Optional momentum toggles: Price > VWAP, Price > 20/50-DMA.
Columns shown: %chg, Price, Volume, RVOL, Float, Sector, News flag, Rotation = Volume/Float.
Fast Prioritization Heuristics
A-tier: Price $5–$10, Float ≤10M, RVOL ≥10×, %chg ≥25%, clean catalyst, tight L2, rotation ≥1×.
B-tier: Price $1–$5 or $10–$20, Float 10–20M, RVOL 5–10×, %chg 10–25%.
Pass: No catalyst and messy tape, float > 50M, RVOL < 3×, thin/illiquid prints.
Timing & Session Edges
Prime window: 7:00–10:30 ET (most of your trades happen here).
Midday: Usually stand down unless a true anomaly trends.
Power hour (15:00–16:00): Only re-engage if the morning leader holds trend/flags above VWAP with volume.
Sizing, Risk & Do-Nots (keeps you alive)
Starter size only until it proves it can hold above VWAP/prev high.
Max risk per trade: 0.25–0.50R of daily stop; daily hard stop set in stone.
Liquidity check: Your order ≪ 2–5% of 1-minute volume.
Respect halts/SSR mechanics; never chase into first spike after a resumption.
No shorting early for beginners—unbounded risk; squeeze risk is real.
Walk away if the tape turns illiquid or spreads blow out.
Quick Read of the Tape (pre-entry sanity)
Level 2: stacked bids, refreshing buyer at VWAP/flag lows, speed of prints increasing on pushes, light volume on dips.
Structure: Clean pre-mkt flag, higher lows, holds pre-mkt high on the open, respects VWAP on pullbacks.
Bad tells: Stuffed breakouts with heavy offers, repeated reclaim-failures of VWAP, volume dying on pushes.
Minimal Watchlist Template (fill it in each morning)
A1: Ticker / Price / %chg / Float / RVOL / Rotation / Catalyst / Pre-mkt high / Levels to watch
A2: …
A3: …
Contingency: 2 B-tier names if the A’s die.
When Nothing Qualifies
Trade nothing. Or relax rules one notch (e.g., RVOL ≥ 3×, Float ≤ 30M) but demand cleaner technicals (above VWAP, tight flags, no overhang).
“Why this works” (mental model)
You’re engineering an extreme supply–demand imbalance:
Demand = big % gap + RVOL + attention (top of list) + credible catalyst
Supply = small float → fast float rotation → squeezes/continuation
Then you ride clean technicals and cut losers fast.
Screener:
www.tradingview.com
Volatility
UVXY | Volatility Will Pop VERY Soon | LONGProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the performance of the S&P 500 VIX Short-Term Futures Index for a single day. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.
NQ Power Range Report with FIB Ext - 11/6/2025 SessionCME_MINI:NQZ2025
- PR High: 25335.75
- PR Low: 25272.00
- NZ Spread: 142.75
No key scheduled economic events
Session Open Stats (As of 2:55 AM)
- Session Open ATR: 420.01
- Volume: 55K
- Open Int: 296K
- Trend Grade: Long
- From BA ATH: -4.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 26636
- Mid: 25410
- Short: 24039
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Bitcoin FUDINDEX:BTCUSD has pulled back to the 50% Retracement of the April 2025 low to the October 2025 high at 100,300. This could be a Support to hold up the recent down move.
Bitcoiners have requested the best FUD to affirm that this could be "the local bottom". Bottoms are made in fear so it seems they are trying to manifest as much as possible on social media to confirm this will be as low as it will go for now.
The obvious narrative FUD would be something about how the bull phase of the Halvening price cycle ended precisesly when it was predicted to (at 36 months from the November 2022 bottom) and the bear cycle has begun. However, here I think are some even more scary FUDs for post-Halloween:
The Compound Annual Growth Rate (CAGR) of Bitcoin for the last decade has been in decline. Bitcoin has been going higher and likely will continue to make higher highs and higher lows into the future BUT at a decreasing rate. Bitcoin's price is following a negative exponential curve. Bitcoin will probably make a higher high at some point in the future, this cycle or the next, but the returns to investors will be far less than have been seen in the past and continue to be even less over time.
A more neutral look at future possibilities is to model historic volatility and project the most probable outcome. The 1 Standard Deviation range from today's price for the next 365 days is between 159,600 and 64,800. That means that there is a 68% probability that Bitcoin will trade within this range over the next year. The FUD is that the lower band matches the Volume Profile node from 2024's consolidation creating support in that zone.
Trade wisely.
Bitcoin - A Short Term Correction of Start of a Deeper Decline?Bitcoin and the wider cryptocurrency market have not been immune to the risk aversion running through financial markets this week as traders reassess whether high valuations and excessive positioning across a range of assets is still valid or is due for an adjustment. This reassessment of pricing has seen Bitcoin trade from its highs from October 6th above 126000 down to a low of 98873 only yesterday, that is a drop of 21.7%.
Now of course, the world’s no.1 cryptocurrency can be prone to periods of short-term volatility, however what may be concerning traders this time around is that the reasons for the drop have not been attributed to speculators, or excessive leverage, but long-term holders of more than 6 months liquidating their positions. If true, that could add weight to the theory that the current high of 126304 may remain in place for a prolonged period unless fresh buying interest can quickly return to the market.
When these types of situations arise in a popular asset it is often useful to move back to the charts to check the current technical trends to see if they support a potential direction change.
Once that initial assessment is complete, the next stage is to look to identify potential key support or resistance. These are the levels that could have a directional impact on Bitcoin moving forward, depending on whether they hold further selling interest, cap buying interest or are broken on a closing basis to indicate that a bigger directional move may be in play.
Below is the current technical assessment of Bitcoin.
Technical Update: Bitcoin Wipes Out Summer Gains
October and early November have so far been challenging for Bitcoin, with its price falling 21.7% from the October 6th all-time high of 126304 to yesterday’s low of 98873. This decline has effectively retraced 100% of the price strength built up since the June lows and may see traders watching for signs of stabilisation or further price weakness.
Corrections of this speed and magnitude are not uncommon in crypto, and traders will now be weighing whether the latest decline is another limited pullback within a longer-term uptrend, or an early sign of a broader sentiment shift.
Perhaps the technical picture can offer clues as to the next directional themes…
Possible Support Levels:
Much will continue to depend on how future price trends evolve but traders may now be viewing the recent Bitcoin decline as a correction toward a potential support zone at 96674/98141. This area is equal to the 38.2% Fibonacci retracement of the August 2024 to October 2025 rally and the June 2025 monthly low, potentially making it a key focal point for signs of stabilisation or further downside risk.
This 96674/98141 support band now may be watched on a closing basis and classed as a possible pivot to current price activity. While not a guarantee of further price weakness, closes below 96674 might suggest a deeper retracement is possible towards 87589, which is the 50% retracement, even 78503, a level equal to the deeper 61.8% level.
Potential Resistance Levels:
While the 96674/98141 support band continues to limit the current price weakness, it’s possible a reactive recovery is on the cards, especially after the latest 21.7% decline. Traders may now be focusing on 105585, a level equal to the 38.2% Fibonacci retracement of October 27th to November 5th weakness.
If tested, how this level is defended on a closing basis may offer clues to whether further price strength may be on the cards.
If closing breaks above 105585 were to emerge in upcoming sessions this could renew attempts to push to higher levels. Such moves if seen, might then open possibilities to 107607, which is the 50% retracement, even 109775, which is equal to the higher 61.8% level.
The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
NQ Power Range Report with FIB Ext - 11/5/2025 SessionCME_MINI:NQZ2025
- PR High: 25774.00
- PR Low: 25702.25
- NZ Spread: 160.0
No key scheduled economic events
Session Open Stats (As of 2:15 AM)
- Session Open ATR: 404.54
- Volume: 48K
- Open Int: 289K
- Trend Grade: Long
- From BA ATH: -2.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 26636
- Mid: 25410
- Short: 24039
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
US 500 - Has All the Good News Been Priced?Concerns about excessive stock market valuations, especially when talking about AI focused companies, isn’t something new. In fact, it has been an on-going theme over the last 6 months of the year leading to bouts of risk aversion.
This was again the case late on Monday evening, and throughout the day yesterday when the earnings of Palantir Technologies were in the spotlight. The strange thing was that the earnings from this company, released after the close on Monday, beat analysts’ expectations, however a lack of clarity on future revenue needed to justify a market capitalisation of over $600 billion was what brought the latest concerns of an AI bubble back to the attention of traders, leading to a negative sentiment shift for the wider sector and the US 500 index in general.
Now, this may or may not be the start of a wider correction and much will depend on future risk events, price action and technical trends (more on this below), however the question for traders this time around is whether the positive news flow for US indices in the short term has already been priced? After all the US 500 index only hit a new record of 6925 on October 30th, 5 days ago.
November and December are historically strong performance months for the US 500, however currently traders are faced with several issues to navigate. Only a week ago the Federal Reserve cast some doubt over whether a rate cut in December would happen or not, with policymakers maintaining this stance in their comments at various events since then. This wasn’t expected and has led to some disappointment for traders which weighed on US 500 sentiment.
Q3 earnings have generally beaten expectations but then valuations were already high to reflect this, leading to some potential fatigue. Trade tensions between the US-China have cooled, but concerns still remain about economic growth in both countries, especially in the US, where a US government shutdown has led to the delay of key data releases such as CPI, retail sales and the all-important Non-farm Payrolls update on the current health of the US labour market, a key factor influencing the decision making of the Fed on potential interest rate cuts.
This means the release of today’s US ADP Private Payrolls data at 1315 GMT and the US ISM Services PMI survey at 1500 GMT could have a bigger influence over the direction of the US 500 moving across the week.
Technical levels and trends may also become increasingly important.
Technical Update: Back to Fibonacci Retracement Support
After reaching a new all-time high of 6925 on October 30th, the US 500 index has corrected by 2.9%, easing short-term overextended upside conditions. This pullback may reflect a healthy pause within a broader uptrend, but the question now appears to be whether this marks the extent of corrective downside moves or is the beginning of a phase of further price weakness.
As the chart below shows, latest declines in the US 500 index have now returned to a potential support zone at 6750/6760, marking the 38.2% Fibonacci retracement of the October 10th to 30th rally and the current level of the Bollinger mid-average. This possible support band may limit current declines, but closing behaviour around this area could be important in determining whether buyers can regain the upper hand or if deeper corrective risks can emerge.
Traders could now be watching this 6750/6760 support closely, as closing break below might see increased downside pressure. Such moves could then mean focus shifts to 6711, even 6661, marking the deeper 50% and 61.8% Fibonacci retracement levels.
That said, while the support is currently under pressure, the 6750/6760 range still holds on a closing basis and may help limit further selling pressure, even possibly see renewed attempts at price upside. However, traders may also now be monitoring 6825, equal to half the recent price decline, as a resistance level in the sessions ahead.
If momentum is to shift back toward attempts to renew price strength, a closing break above 6825 may be required to suggest scope to retest the 6925 October 30th all-time high.
The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
NQ Power Range Report with FIB Ext - 11/4/2025 SessionCME_MINI:NQZ2025
- PR High: 25574.25
- PR Low: 25501.75
- NZ Spread: 161.75
Key scheduled economic events:
09:15 | ADP Nonfarm Employment Change
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
10:45 | S&P Global Services PMI
Session Open Stats (As of 12:45 AM)
- Session Open ATR: 401.88
- Volume: 92K
- Open Int: 290K
- Trend Grade: Long
- From BA ATH: -3.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 26636
- Mid: 25410
- Short: 24039
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
VIX is telling you.....It's sometimes really simple.
And simple is powerfull.
When the VIX. just like a stock,
creates higher lows after higher lows
for at certain amount of X time/months,
sooner or later we get the explosion of the VIX.
Looking at a currently very overpriced stockmarket
right now, you don't need to be an expert to see what coming.
I didn't say exactly WHEN, but you KNOW it's coming.
It's only a question of time.
And that some event will become the needle that pricks the bubble.
Don't say you didn't see this coming, after is has happened.
They said the same back in 2009.
#VIX
#bearmarket
November 3 - November 7The market has been showing no signs of slowing down as of late. Every dip is being aggressively bought and fear hedging of SPX puts and Gold is appearing to be providing more liquidity to keep prices moving higher. I posted this in Minds earlier and will add because it sums up my assessment of where the market is currently at and it’s potential achilles’ heel.
“The US will continue to have one of the most stable market environments compared to the rest of the world, making it a safe place to store capital. While the trade deficit gives the US some leverage over China when it comes to trade, the fact that China is the #3 foreign holder of US debt gives them the “trump card” in the trade war.
Rate cuts will continue to be stimulative and help keep the Fed’s interest payments from getting out of control (for now) but things can quickly unravel if yields start rising to the point where it forces the Fed back into QE prematurely.
This is why Trump keeps backing down from the most extreme measures in the trade war. He knows US companies cannot withstand 100%+ tariffs and China could stop buying Treasuries and start pushing yields higher. This is why I keep an eye on TVC:MOVE when there is stock market volatility to make sure there isn’t growing institutional hedging of Treasuries.
I still need to look everything over to determine my bias for this week but with the trade war entering what I think will be a temporary phase of relief, I’m not seeing strong bearish fundamentals at this point in time.”
Here is what I’m seeing for the week ahead.
+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-
1. Macro
The dollar TVC:DXY is reaching the top of its range and the hollow candles have been less than bullish, so I think the index may once again peak around 100 before reverting back to the average. I am keeping this in mind when comparing other assets to the dollar.
The TVC:US03MY / TVC:US10Y yield spread is once again quite wide, which was recently driven by a rise in the 10Y yield while the 3M yield mostly remained flat, as I suspected would happen in my previous post. The overall trend for both is still slanting downward, so while it’s never great to see the 10Y yield rising, the wider spread is healthier to see. On the contrary, FRED:DFII10 (inflation-indexed 10Y bond) went up on the last available date, Thursday 10/30, so it will be important to watch the Forward Inflation Gauge (bottom right) to see if the market starts to send any inflation signals.
I have updated the formula for the inflation gauge as well to broaden the scope. The new formula is
= US03MY*0.25+US10Y*0.50+US30Y*0.25-DFII10
I decided to include the TVC:US30Y bond since its yield is of the biggest concern to policymakers and weight the average to place the most significance on the 10Y yield. As the shutdown continues, the Fed will be placed in an increasingly difficult position without official data. Since PCE was not published on Friday, this is depriving us of a key piece of data that would show if the market is correct in pricing in lower inflation or if the spread between Real/Implied inflation will continue to widen. This is why yields will yields will provide important clues, especially if the shutdown starts nearing an end. If real employment and inflation data will be released soon after, will the market begin to sell bonds due to lack in confidence or continue the course?
Next on commodities, TVC:GOLD is sitting on its average level and could go either way from here. I’d expect a retracement higher but who knows. As I mentioned above, if the dollar TVC:DXY starts to revert lower, it could help Gold move back up a few points. I’m not expecting much out of Gold for at least another week. It will be interesting to see what happens with Oil and Commodities (bottom right) this week in relation to the dollar index. If for whatever reason, the dollar rallies, it could push oil and ag/metal commodities down, but the alternative may be of greater concern: if the Dollar moves lower again, commodities could surge well above the average in correlation which could be perceived as inflationary since the rise in prices (especially when it comes to copper) has more to do with US trade policy rather than pure international demand. I read earlier today in The Economist that Copper is trading at a higher spot price on the New York exchange compared to London, so to summarize, I will be watching the Macro chart very closely this week, as I think important signals are on the horizon.
2. FX
Other currency indices continuing to fall will help bolster the dollar’s relative standing, so it will be important to keep an eye on this as well as the week unfolds for clues on the Dollar, which in turn will have an effect on commodities. I have the bond yields indexed to 100 again here to show the change and as I mentioned in the introduction, the 3M chart (top) shows how investors are much calmer on the US in the short term compared to other countries. 10Y bonds rose across the board at the end of October but seem to be leveling off.
3. Risk
I don’t draw on my charts as much these days but I think there are some interesting points on this layout that I want to illustrate. First, on the corporate bond yield premium spread (high yield - investment grade) the most recent data (Thursday 10/30) shows the spread went up, which could potentially be a higher low. It will be important to watch this and, to a lesser degree, $HYG/LQD (for intraday) for signals of stress in credit markets.
Next, I still believe the $ES1!/GOLD chart shows the spread found a bottom, so even if Gold gains on ES this week, I think gold’s preference over stocks may continue to decline. Another important development last week was how AMEX:SPY broke out of the rising channel over AMEX:RSP (equal weighted ETF) and held on Friday. As you can see on the bottom chart, TVC:NDQ outperformed the other indices quite well, so I take this as a signal of extreme demand for Tech and other mega-cap stocks that are weighted the highest.
Takeaway: Keep an eye on corporate credit but unless there is a significant change, stocks look biased in favor of Tech and other mega caps.
4. Sector Bias
Tech ( AMEX:XLK ) has been moving up against SP:SPX since the end of October, so the risk appetite is continuing to grow. As I mentioned about $SPY/RSP , this supports that the highest weighted stocks will continue to outperform.
5. Futures Bias
There was some bearish intraday activity on Futures at the end of last week, especially on Friday, where Realized Volatility increased and institutions hedged by buying SPX puts ( TVC:VIX ) and VIX calls ( CBOE:VVIX ), USI:PCSPX was quote high, however there was divergence with VIX, so the weighted index so the institutional interest may have been lower than what the weighted index was indicating.
On the right side, you can see the CVD momentum was in a downtrend from Wednesday-Friday which reacted ahead of the ES price and captured a maximum 1.46% decline
Lastly, I have switched back to Renko from Line Break, as I think the ATR calculation provides better noise filtering while being more reactive to fast changes. Here you can see that the price could not reclaim weekly VWAP (dotted line) Thursday or Friday, so sellers were in control those days and dealers bought into the volatility. It also looks like the price tried to form a range and failed, causing it to slide lower. Right now it will be important to see which way the price goes. If it retraces higher, will it make a new ATH or fail to do so? That could be an important signal to gauge how much strength buyers still have.
Conclusion:
Out of all the charts, I would say that if I were to view the ES chart in isolation I would probably have a bearish bias, and beyond the chart there are developing macro signals that could provide support to the bearish fundamental case (commodity rally, rising corporate credit spreads, dealers short gamma) that will be important to watch for signs of continuation. On the flip side, if I were to view every chart excluding ES, I would say this environment could still support continued upside for the indices (ES1!/Gold spread, the weighted index outperforming unweighted, AMEX:XLK pivot, and low Treasury volatility TVC:MOVE ).
I think this juxtaposition illustrates that the market is uncertain as well. Macro indicators are at what may be an inflection point, so the fear hedging after the 10/22 to 10/30 rally is justifiable since stock market performance will likely be greatly influenced by Macro forces if anything changes. It also seems like arguments can be made that the Dollar rising or falling this week (especially if it’s quick) could have negative ripple effects in the markets this week. I believe the worst case for stocks this week would be a dollar sell off.
For these reasons, it would be reckless to be anything but Neutral here. I’d prefer to play the bull side if it seems like volatility will “unwind”, but if the market seems like it’s going to keep buying into Volatility, I will expect to see lower prices across the indices.
Regardless of what happens this week, I do think SPX hitting 7k this year is all but inevitable, so if I do take a bearish bias, it will be for the short term and will be reassessed on a daily basis. Let me know what you think and thanks for reading.
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NVIDIA – A New World First, Where Next?A mere 24 hours after Apple become the third company in history to reach a $4 trillion valuation, NVIDIA set a new benchmark by becoming the first company ever to register a market capitalisation of $5 trillion.
Despite concerns about over extended valuations, the news flow for NVIDIA was initially positive to start this new week as the company attempts to solidify its future at the centre of the potential AI revolution.
CEO Jensen Huang revealed the company had received $500 billion of AI chip orders, including contracts to build supercomputers for the US government and then President Trump commented on Wednesday that NVIDIA’s latest Blackwell chips could be a discussion point when he meets with President Xi at Thursday’s summit in South Korea.
Putting this into numbers, after opening on Monday at 189.25, the stock soared 12% across the first 3 trading days to a high of 212.19 on Wednesday. That move brought its year-to-date rally to 54%, very impressive indeed! Although, it must be said that prices did slip back to close the day at 207.04.
However, overnight the positive sentiment may have stalled slightly, the Federal Reserve cut interest rates 25bps as expected but Chairman Powell provided a more cautious outlook on future cuts than had been anticipated. Also, earnings from Alphabet, Microsoft and Meta released late on Wednesday were mixed, with strong profits offset by rising costs.
Looking forward, the initial updates from the President Trump and President Xi meeting has started to arrive on newswires and traders will be keen to assess the actual details of what was discussed about NVIDIA chip sales between the two countries. A crucial aspect could be whether sales of NVIDIA’s latest Blackwell chip was discussed and if not, what were the reasons why.
Then it’s eyes down for the release of Amazon and Apple earnings after the close tonight which could either confirm the recent bullish moves or throw a sentiment curve ball which could negatively impact in positioning into the weekend.
Technical Update: Acceleration Higher Shifts Focus to Extension Resistance
In just six trading sessions, NVIDIA's share price has rallied over 20%, reaching fresh all-time highs. Such a rapid acceleration can often signal strong momentum but also raises the risk of short-term upside exhaustion, although it's difficult to pinpoint where such moves might slow or even see risks of possible reversal.
In this environment, traders might monitor support and resistance levels, with resistance zones signalling potential for profit-taking, while breaks below support could lead to further price weakness.
[b Potential Resistance Levels:
As price action pushes into uncharted territory with new all-time highs, identifying resistance becomes a challenge. However, traders often turn to Fibonacci extension levels, derived from the most recent correction, to highlight potential areas where upside momentum may slow or even reverse.
As the chart above shows, for NVIDIA, this last correction developed between October 10th and October 22nd and the latest strength appears to be stalling in the short term ahead of 213.23, a level equal to the 100% Fibonacci extension.
There is no guarantee such extension levels will be successful in capping price strength and closing breaks above the 213.23 resistance may shift focus to 220.14, which is the higher 138.2% extension level.
Potential Support Levels:
To maintain NVIDIA’s current price strength, traders may now be focused on Wednesday’s low at 204.78 as near-term support; if price weakness tests this level, its defense will be watched, as a closing break below 204.78 could trigger further downside pressure.
A close below 204.78 could lead to tests of 198.59, the 38.2% Fibonacci retracement of the October 22nd to 29th rally, but if that support gives way, risks may extend toward 194.39, the deeper 50% retracement level.
The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Crude Oil November Contract Breakdown Setup – 5450 PE in PlayMCX Crude Oil – November Contract
CMP: ₹5398
Bearish view
Holding 5450 Put Option (Expiry: 17 Nov 2025)
Avg Price: ₹251.50
Target: ₹320 to ₹325
Target valid till 14 Nov 2025
Tracking price action closely. Will reassess if momentum fades or structure breaks.
#CrudeOilOptions #MCX #OptionsTrading #TradeSetup #PriceAction #TradingViewIndia #DerivativeStrategy #PutOption
20% long play UAMYI have noticed that healthy companies with bull runs tend to have major pullbacks of ~50-60% before short term reversal. I believe UAMY is probably topped out after the recent blow off bull run, but here we are at 56% down after the recent ATH, RSI at a local extreme low. I am buying here and TP around $11.4, unless there are indications for a greater upward move. SL at $8.7. If this fails $8.14 is next support.
SNOW: Snowflake Headed to $270?🚀 Snowflake Ready for Takeoff? $270 Before November?
Caption:
SNOW has shown strong accumulation around the POC and VWAP levels, with buyers taking control after breaking through the high-volume node with a gap. 📈
Momentum could push the price toward $270 in the coming weeks.
👉 What do you think — is $270 realistic, or will we see a pullback first?
US 100 Index – Yesterday Saw New Record Highs, What Next?Fresh optimism regarding the potential for a US-China trade deal saw the US 100 rise to a new record high of 25889 early this morning, a daily gain of 2% and an unbelievable rise of 58% from its April 6th low at 16324 when trade tensions were at their height.
Now, across the rest of this week, US 100 traders may be focused on several key events to decide the next directional moves for the index. These are, the Federal Reserve (Fed) interest rate decision, earnings from five of the Magnificent Seven corporates, and the face-to-face meeting between US President Trump and Chinese President Xi. Let’s briefly discuss each one.
On Wednesday at 1800 GMT the Fed are fully expected to cut interest rates 25bps (0.25%) when they release the outcome from their 2-day policy meeting (FOMC). What is less certain is what comes next. Markets are still pricing in a high probability of another 25bps cut at the Fed’s next meeting in December, however any indication that this may not be a sure thing could lead to a more negative outcome for the US 100. The comments made by Fed Chairman Powell in the press conference, which starts at 1830 GMT, could be crucial in this regard.
Once the Fed press conference ends on Wednesday, traders may be absorbed by the release of earnings from Alphabet, Microsoft and Meta, which are followed by the updates from Amazon and Apple after the market close on Thursday. Remember, it wasn’t that long ago that worries about an AI bubble negatively impacted the US 100, and so the focus in these results could be on AI spending, future revenue growth and costs.
The final event is the face-to-face meeting between President’s Trump and Xi which takes place in South Korea on Thursday, the first in 6 years. Current expectations are for the heads of the world’s two biggest economies to agree a series of deals on rare earth metals, soybeans, shipping levies and export controls. Whether these agreements match up to expectations could be pivotal to the direction of the US 100 into the weekend.
Technical Update: Mind The Gaps!
CFD price activity typically forms in relatively smooth patterns, rising in uptrends or falling in downtrends. While brief corrections may occur, they’re often limited in scope and duration before the prevailing trend resumes, unless a shift in sentiment triggers a directional reversal.
Occasionally, within an orderly price advance or decline, acceleration phases emerge, which can result in gaps in price activity. These gaps occur when a CFD closes one session and then opens higher in an uptrend or lower in a downtrend the next day, reflecting a surge in trader interest in the direction of the prevailing trend.
Within technical analysis, there are three types of price gaps, each offering insight into trader sentiment and directional risk. Below is a brief overview of each.
Breakaway Gap: Typically seen at the start of a new trend, this gap reflects strong trader conviction, buyers are willing to pay higher prices at the open in an uptrend, or sellers accept lower prices in a downtrend. It can often be seen to complete a reversal pattern and signals a possible shift in sentiment.
Continuation Gap: Forming within an established trend, this gap can confirm ongoing sentiment, buyers continue to pay higher prices in an uptrend, or sellers accept lower prices in a downtrend. It reinforces confidence in the prevailing move.
Exhaustion Gap: Found in mature trends, this gap reflects late-stage trader entry at already overextended levels, reflecting poor timing, as most of the move has already occurred. It may signal panic buying or selling, with positioning then heavily skewed in the direction of the prevailing trend.
When positioning becomes overly one-sided, with no buyers left in an uptrend or sellers in a downtrend, price can be most vulnerable to a sentiment reversal, often triggering corrective moves.
US 100 Index: Watching the Gaps
The eagle-eyed among you will have noticed that the charts used to illustrate gap concepts above feature the activity of the US 100 Index, which since the April 7th low, is possibly a good example of these gaps in price action.
The latest gap, formed between last Friday’s close and Monday’s open, is labelled as both a possible continuation and exhaustion gap, as it’s unclear at present what this move currently represents. It could signal a continuation of the uptrend from the April lows, or mark an exhaustion point, raising the risk of a sentiment reversal.
Monitoring future price action may help determine whether the latest gap reflects continuation of the uptrend or signals exhaustion, suggesting the risk of price weakness.
If Latest Activity Proves to be a Continuation Gap
If the gap from Friday’s 25374 close is a continuation gap, it could signal a further phase of price strength. This would imply that if price action holds above 23474, upside momentum may still be evident.
If the US 100 Index holds above support at 25374 it may then go on to challenge the next resistance at 25937, which is the 61.8% Fibonacci extension. A break above this level might even open the path toward 26393, which is the 100% extension.
If Latest Activity Proves to be an Exhaustion Gap
If the latest gap activity reflects exhaustion, with positioning skewed too far to the long side, it may lead to a phase of price weakness following the recent advance. A closing break below 25374 could build on these themes and even suggest possibilities of a more extended phase of price weakness.
A move below 25374 could signal fading buying support, suggesting a shift toward lower levels. If evident, downside risks may extend to 25079, which is the 38.2% Fibonacci retracement, potentially even toward 24668, a level marking the 61.8% retracement.
The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
MCX Crude Oil: Bearish Setup with 5550 PEMCX Crude Oil – November Contract
CMP: ₹5467
Bearish view
Bought 5550 Put Option (Expiry: 17 Nov 2025)
Target: ₹320 to ₹325
Target valid till 14 Nov 2025
Tracking price action closely. Will reassess if momentum fades or structure breaks.
#CrudeOilOptions #MCX #OptionsTrading #TradeSetup #PriceAction #TradingViewIndia #DerivativeStrategy #PutOption #ExpirySetup






















