Market Remains In A Holding Pattern - With NVIDIA Sitting On The Launch Pad

"NVIDIA IN CRISIS" $NVDA #Breaking #Bloomberg #Live

— Veteran Market Timer (@3Xtraders) November 9, 2026

I'm sure you've all heard the talking heads parroting the same story, since it broke last night - right around the time US futures opened - no surprise (timing-wise) looking at this from my usual, highly cynical/conspiratorial view. 

The first detailed report Oct. 29th, published by the New York Times-  was an exclusive report revealing that U.S. intelligence agencies viewed the Nvidia CEO as the target of a Chinese espionage plot. 

I was kind of blown away that the story was mostly ignored by the msm, yet it immediately lit up my radar.  

Nvidia CEO Jensen Huang Was Reportedly Targeted in a Suspected Chinese Spy Operation. Trump Chose Not to Act. https://t.co/xHUlyx7RmH

— Veteran Market Timer (@3Xtraders) October 30, 2026

Fast forward to 11/8/2026 - Last Night (nearly 2 weeks later): 

• Jensen Huang's formal apology - email. I'll spare you the details. 
• Nvidia's board of directors launches an independent investigation. 
• A federal investigation is also being launched (allegedly) into NVIDIA. 

The whole thing looks like another classic media narrative distraction, while smart money (Including our HFIT [high frequency insider trading] Congress) loads up on NVIDIA shares - at a huge discount (26% off the all-time highs - as of Friday's close). 

The $VIX being carefully balanced back above the 20 level, to keep sellers sidelined. 

Fits the calendar/ cycle - wait for everyone to get short, and then drive markets on light holiday volume - short covering. You know the drill. 

The other stock they love to hate? 

Tesla ($TSLA): The narrative-driven (Dems vowing to go after Elon..) selloff in Tesla creates another classic sentiment disconnect where short-term political noise masks underlying manufacturing execution - not to mention its valuation once you factor in SpaceX (merger talk). 

The chart tells the story of how Wall Street absolutely planned to trap Tesla bulls, once the election results were revealed. 

I'm not trading Tesla, don't plan to trade it. If you like it, watch for a shakeout, below 335, followed by a bullish reversal. If I'm wrong, and it takes out the previous low - around $300 - that level becomes your pivot. 

I remain bullish, ahead of the holidays, and not just big tech (the only sector that matters), and we're planning to add another maximum 401k contribution in 2 weeks. I'm sure by the time, once the Thanksgiving turkey is pardoned, Congress will be holding hands, and singing kumbaya. 

P.S. Fun fact: Department of Justice (DOJ) & Commerce Department: U.S. authorities have been investigating Singapore-based Megaspeed since 2024 over suspicions that the firm illegally funneled advanced Nvidia AI chips to China. The Commerce Department has officially handed this investigation over to the Justice Department. 

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