Another stock entrenched in an impulse wave down, coming off of a small counter-trend rally and now turning back down accompanied by a Trend Model Sell Signal (red arrows). Breaking 138 targets 108. The last three such Trend Model signals resulted in moves (1) 260 - 155; (2) 156-140; (3) 162-108. The most recent Sell was Dec 22 @ 153. NVDA Now we have another marker (in addition to AAPL) for the unfolding of another leg down in the stock market: NVDA declining below $138-140 should trigger its own move below the century mark. If it happens this week, Jan 20th puts, if next week than "next month" rule takes us out to Feb 17th puts. Alternative is simply stick with or add to QQQ Jan 20th puts. Standing-by. NVDA Sell on a close below 138 Option: Feb 17th $130P (7.15-7.30) - [Alternate: Jan 20th $135P (5.50-5.60)] Target: NVDA <110; $130P > 20 Option Stop: 50% - Trailing from high print after entry. NVDA 120 Minute On AAPL: Still waiting for a hard break below $129: Late Breaking Trade ALERT: If AAPL closes below $128.00: Feb 17th $125P (5.35-5.40) or Jan 20th $130P (4.80-4.85). 50% Trailing stop. Trade Management As between AAPL, NVDA, QQQ: Chose 1, 2, or all 3 and if feasible, at least one Jan 20th and one Feb 17th.
