The market was green at 1:59 this afternoon, and by 2:30 it wasn't. Okay so, before anything else: I'm going live at 6 pm ET, and somebody in that room is walking out with $1,000. Could be you, the only rule is you have to show up. Q-Spot encore, your questions, and I'm walking through exactly what just happened and what I'm doing about it. ===> Make sure to be here Because here's what just happened. Green on the Dow, green on the S&P, green on the Qs, all of it, like the first rate hike in three years was already priced in and everybody could go home. Then the number hit, and it was fine, and then Warsh started talking about inflation and the whole thing rolled over. The 10-year went back above 5%, the Dow gave back 630, and the S&P had its first 1% down day since

I pulled up Nvidia today and the chart is so boring it's actually interesting. Think about it. We talk about Nvidia, hear about Nvidia, or trade Nvidia at least once a week. It's the traders' Roman Empire. And it has done absolutely nothing since May. If you're in it every day, sure, it looks like a lot of action. Zoom out and it's a giant disgusting channel that's been sitting there all summer. It couldn't break out on earnings. It couldn't break out on good news. It's had every chance to lead again and it hasn't taken one of them. When a stock does nothing on its glory days, the momentum starts to leave. The love is not there. Okay so, why am I sending you a video about a boring chart? Because this one isn't just about Nvidia. When the name that's supposed to be leading the market can't

The QQQ is up about 15% year-to-date. I made that this morning in 2 minutes trading QQQ options, and before you tell me that's not apples to apples, I know, that's the point. If you own the Qs, you woke up today a little shook. Over the weekend the guys running Anthropic and OpenAI came out and said the whole AI industry needs to slow down for safety, Musk agreed with them, and Sam Altman said OpenAI isn't going public this year, so the market did what it always does with that kind of headline, which is sell first and ask questions later. All of the AI stocks took a hit… If you're sitting on an AI-heavy portfolio, you were red before you finished your coffee, and I know exactly what that feels like because I've got an investment account too and nobody likes opening it on a morning like