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Thursday, August 28, 2025

The Market Rally Continues into Labor Day. NVIDIA $NVDA, SnowFlake, Gold Silver Miners, Small Caps, Energy, Natural Gas, Labor Day

 If you think markets aren't rallying, you just don't know where to look. 

Small Caps 

Russell 2000 Small Caps are poised to open higher 

 Pointed to that breakout yesterday (Wed.) 

Energy

The stealth rally in Energy seems to have paused 

Natural Gas 

We caught a nice pop in Natural Gas at yesterdays open 

 $BOIL (2x Pro NatGas) closed +2.85% 


 

$SNOW (SnowFlake) We're seeing short squeeze in this junk tech (AI) name this morning - trading back at the $220, last I checked.

 



SnowFlake is undoubtedly being used to help hold the $QQQ up, but I can't reveal that chart.  

$GLD Paper Gold  

 Yesterday, I revealed that the $GLD is also being held above support, just as tech was held up into the end of 2021, so that profit taking could be delayed until 2022. 

 Precious Metals/ Miners 

 Gold & Silver miners took a pause yesterday, but will probably continue to rally, which is typical heading into a long holiday 

$XAU (Gold $ Silver Index) - I'm expecting to see a blow off top throw-over the top of the channel

 


NVIDIA $NVDA It looks like I got NVIDIA right, but I wouldn't expect anyone is willing to go short, heading into a long holiday. 

Overall the market is pretty dull, as the $VIX trading below 15 would suggest.  

Take Care and have a great Memorial Day, 

AA  

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