Good morning, traders and investors — what a brutal sell-off we had yesterday. Stocks tanked hard, volatility exploded, and even NVIDIA’s strong earnings couldn’t hold tech up. Today’s session is shaping up to be a potential turnaround — but signs of risk remain everywhere.

Let’s break down the four reasons for the sell-off, the levels that matter, and where the best opportunities might be today.

🚨 The 4 Major Reasons for Yesterday’s Market Sell-Off

Yesterday’s move wasn’t random. According to the transcript, four forces drove the SPX and NASDAQ lower:

1️⃣ Tech Bubble Concerns (AI Mania Still a Threat)

* Fear & Greed Index at 7 = Extreme Fear

* AI bubble reports from Reuters & The Guardian

* High valuations + concentrated tech exposure made the market fragile

2️⃣ Mixed & Ambiguous Labor Market Data

Unclear jobs data → confusion for Fed → uncertainty → sell-off.

3️⃣ Volatility Spike (VIX +47%)

VIX exploded from its lows to highs — a huge 47% jump.This kind of move is typical in short-term panic periods.

4️⃣ Profit Taking at All-Time Highs

* NVDA (NVDA) hit all-time highs

* AMD (AMD) also at highs

* Investors used the rally to lock in profits

All four forces combined created a perfect storm.

📉 Major Indices Breakdown (SPX, NASDAQ, RUSSELL, DOW)

S&P 500 (SPX)

Sell-off from peak: –3.5%Futures bouncing early but unstable.

Key levels:

* Above 23% Fibonacci retracement

* 200-day MA = 6,280 (possible target)

NASDAQ (QQQ / NDX)

Peak-to-trough: –4.6%

RUSSELL 2000 (IWM)

Peak-to-trough: –4.15%

Peak-to-trough: –2.4%

NASDAQ futures briefly green → turned red → the sell-off may not be over.

⚡ VIX Spike: Is the Panic Ending?

The VIX ripped +47% yesterday — a massive move.

But today, it’s cooling off.

This implies a potential relief rally in the next 1–3 sessions.

🛢️ Oil (USO)

Oil is in a clear downtrend — yesterday’s action wasn’t even a real “sell-off.”

Key buy zone:

* Below $55 → “That’s a buy.”

🪙 Gold (GLD) & Silver (SLV)

Both are between the 20-day and 50-day moving averages — which you classify as a strong buy zone.

* Gold holding 20-day MA

* Silver between moving averages

* Copper strong but slowing

₿ Bitcoin (BTC / IBIT) & Ethereum (ETH / ETHE)

Bitcoin

Yesterday’s sell-off brought BTC into the first resistance level.If it holds → “perfect buying opportunity.”If not → a deeper zone lower is ideal.

Ethereum

Tracking Bitcoin closely.Still under the Ichimoku cloud — not yet bullish.Best strategy:Wait for a red day → buy LEAP → sell premium against it.

🔥 Stock Market Signals: Walmart & Berkshire Hathaway

Walmart (WMT)

Walmart held up amazingly during the market crash.

Best buying zone:

* Around $100, near 100-day MA

* Ex-dividend December 12 (Friday expiration)

Berkshire Hathaway (BRK.B)

* Historically resilient

* Classic “consolidate → break ATH → consolidate → break ATH” pattern

* Better than bonds

You’re waiting for a pullback to buy again.

🎄 Santa Rally Incoming?

Your base case:

* The sell-off is temporary

* Rate cuts are coming

* Even if cuts don’t happen → already priced in

* Expect a Santa Claus rally

transcript_2025-11-21T10_57_42.…

Backup scenario:

* If not December → a rally in late January.

📌 Mentioned Stocks & Tickers

CompanyTickerNVIDIANVDAAMDAMDEli LillyLLYWalmartWMTBerkshire HathawayBRK.BSPXSPYNASDAQQQQRussell 2000IWMDow JonesDIAGLDGLDSLVSLVUS Oil FundUSOBitcoin ETFIBITEthereum ETFETHE

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