Trader, Is Big Tech Beginning to Break?

Welcome to the Wednesday edition of the Free TheoTrade Report.   Free Webinar Replay Ultima Alerts: 2023's High Probability Income Generating System with Don Kaufman Click/Tap Here   ================================================     Free TheoNight Report - for Wednesday, May 31, 2023 by Don Kaufman - Is Big Tech Beginning to Break?   Despite some sell-side activity in the S&P 500, the market made a comeback, although it didn't quite reach the crucial 4211 mark. There's a potential for a substantial dip if the market breaks below 4175. Some sectors, particularly financials and the energy sector, exhibited signs of weakness. Interestingly, there was a discernible rotation into areas that had been previously overlooked, such as Walmart and Costco. Shifting focus to big tech, Nvidia experienced sell-side activity. However, there were no significant changes in the option order flow, indicating that this might not be a sign of a serious tech downturn. This observation extends to other big tech companies like Tesla, Meta, Microsoft, and Apple, none of which exhibited unusual order flows. The SPX continues to remain on an 80-point expected move, suggesting potential volatility. However, the current analysis does not necessarily predict a breakdown of the major tech companies, given the state of the current options order flow.   Click here to watch the video     Recent Media Appearances by TheoTrade   Jeff Bierman talks Zombie Apocalypse Market with Yahoo Finance Live Click here to read the interview >>>   Black Swan Event Imminent - Jeff Bierman Tells MarketWatch Click here to read the interview >>>   "You are a Genius!" - Jeff Bierman Talks Seinfeld Market with Yahoo Finance Live Click here to watch the interview >>>   U.S. News & World Report - Don Kaufman discusses $JNJ Inflation Protection Click here to read the report   Volatility Is an Options Trader's Best Friend, Don Kaufman Says in Investor's Business Daily Click here to read the report     NEW MEDIA CHANNEL - JOIN TheoTRADE on RUMBLE By request, we created a Rumble channel so you can watch our free videos either on Youtube or on Rumble. We will post to both. (Make sure to hit subscribe in Rumble, so you don't miss any of our free videos).  TheoTrade Rumble Channel     NEED HELP? LOOKING FOR MORE ADVANCED TRAINING? CALL OUR VIP CONCIERGE SUPPORT TEAM: (623) 244-5657   For live updates throughout the week join the TotalTheo® Unlimited Monthly Streaming: https://theotrade.com/all/   Get 3 Month Membership Access for FREE Click Here to Open and Fund a NEW tastyworks Account   Follow these step by step directions:   1.  To open an account with tastyworks and enjoy an additional 3 months of TheoTRADE membership, start by clicking the button below..         2. Follow the directions on that page to open a new account.     3. Fund the account with a minimum of $2,000 in the next 30 days and keep open for at least 6 months.   4.  IMPORTANT: After the new account is open AND funded email support@theotrade.com so we can verify your new account.  Please note it may take us up to one week to verify your account from the time you email us.   5.  TheoTrade will then extend your membership for 3 months!   Click here to get started now...           Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.     TheoTrade 16427 N Scottsdale Rd Suite # 410 Scottsdale, Arizona 85254 United States 1 (800) 256-8876     If you no longer wish to receive our emails, click the link below: Unsubscribe