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Bruce Gibbs:

Christmas updates.
I'll being doing short updates where needed over the next 2 weeks, update this weekend before volume disappears and hopefully Santa hedging carries us up not down.
I'm definitely here to answer questions.

We are travelling to see Carolyn's family and mine, spread across Australia and spending time with Harrys grandparents.

Mum and dad are both good considering.
Dad is sick of neck brace and the loss of mobility and lifes movement enjoyment. He and Harry published a paper about some plant viruses this week so his neuroplasticity seems not to have been damaged.

Enjoy your festive season and travel well and safely.

Thanks for your company this year.

Sent at: 12-19-2025 19:20:03 GMT+0000

❀️: 3
Bruce Gibbs:

Crypto:
Bitcoin BITO IBIT GBTC BTC COIN: 🟒 -> πŸ”΄, That green dip yesterday in Liquidity Sentiment got smashed short again
Seems to just be a huge storm throwing it at BTC future indexes around the world. Is it world bank treasuries who had been accumulating BTC think the post democratic world isn't going to function, so lets keep out of everything USA

Another strong day in BTC proxies got squeezed short

Proxies looking ready to go, but the liquidity provided is getting soaked up.
COIN looks good, IBIT too, lots of buying on the down, is it averaging by funds

DPI got hit in the industry group, COIN was bought in the DPI

Sent at: 12-18-2025 02:32:00 GMT+0000

Bruce Gibbs:

Daily Report for NYSE - December 17, 2025

Market Overview:
VIX futures and ETNS: 🟒 -> 🟠, A mix of liquidity and positioning
The VIX options still look between green and amber, flat to bearish the market
The ETNs look much more amber probably more the Santa rally positioning

Indexes:
SPY SPX SPXL ES: 🟠 -> πŸ”΄, Bearish with both OI and liquidity holding tight
SP500 poor DPI
All proxies ad index hedging holding and increasing, strong opening OTM calls bearish

Strong dip buying and DPI in SPY SPXL

Liquidity is looking for a bottom tightening
QQQ TQQQ NDX: 🟠, Coming out of the hard selling but the hedging is holding for now
The green liquidity is just a stronger held zone I think.
Futures are definitely

Commodities:
GLD GC SGOL: 🟒 -> 🟠, Puts are getting very heavy with delta hedging having to cover the huge long and high IV of the options
Profit taking and moving just on surface liquidity with longs buying at 5 and 10minutes
GC still looking strong, the Trump effect
Good DPI more than needed buying
GDX and Gold Miners: 🟒 -> 🟠, GDX looking over extended with loads of delta hedging from dealers opening, one big roll off of calls and she will sink.
For now DPI is still not toppy in GDX or the Gold Miners
Buying liquidity is still there but expecting a pullback day with most miners selling into the close
SLV Silver and Miners: 🟒 -> 🟠, Similar to the gold miners, looks over stretched but for now the DPI is supportive. Yesterday DPI looked like it might start a toppy patch but didn't.
Liquidity is very tight and ready to blast off if the index SPX can get going.

Heavy hedging coming in on the miners, with some profit taking

Sent at: 12-18-2025 02:31:50 GMT+0000

Bruce Gibbs:

[Trading liquidity indicators in longer time frames #tsla #gld #gld](https://youtu.be/6eU8uBWda7c)

Sent at: 12-17-2025 05:59:20 GMT+0000

Bruce Gibbs:

Trading liquidity indicators in longer time frames #tsla #gld #gld <@243865458183372800>

Sent at: 12-17-2025 05:59:04 GMT+0000

Bruce Gibbs:

I rolled down the ITM put down as I still expect upside and won't take the hedge off until everyone else does

Sent at: 12-12-2025 21:49:03 GMT+0000

Bruce Gibbs:

Why I hedge
Whilst ALAB and to a certain degree the indexes had some fear and hedging, I stupidly entered a new long
It wasn't a VIX event, today was a Semiconductor off.
Good to see we got vol off in BTC but not really in the crypto sphere

hedging.png

Sent at: 12-12-2025 21:47:54 GMT+0000

Bruce Gibbs:

Daily Report for NYSE - December 3, 2025

Market Overview:
Liquidity bullish QQQ AMZN SPX SPY: 🟒, Strong liquidity buying today, I would say we have a bullish run coming into OPEX December

Indexes:
SPY SPX SPXL ES: 🟒, SPX looking heavy in the near dtes 0-16
Balanced in the 0-30
DPI supportive SPY, weaker in the SP500 which isn't uncommon in index driven price discovery
IWM Russell2000 TNA: 🟠 -> 🟒, Jumping out of the mud with some dispersion
QQQE NDX QQQ TQQQ NQ: 🟠 -> 🟒, QQQ NAS100 TQQQ Strong buying not reflected in the OI and DPI
Both down in EOD data

NAS big-tech-less and the QQQE screaming ahead, strong DPI and OI
Not bought into the close though some liquidity washing through

Should add strength to the SPX

Commodities:
GC GOLD GLD GDX BONDS: 🟠 -> πŸ”΄, Very low DPI in GLD bearish, flat at best with some better buying into the close, hedge at the open is my plan
SLV has toppy DPI too

Bonds BEARISH continue to be fully hedged, though some new buying ITM calls, toppy DPI

Mag 7:
MAGS MAG7: 🟠, Balanced, with mainly buying in the afternoon and into the close.
Still holding some strong long dte delta hedging
DPI strong
AAPL hedged flat, calls closing
MSFT hedged bearish/flat
TSLA, wild OI, strong DPI bullish
AMZN poor DPI, hedged
NVDA hedged, very strong DPI squeezy
META hedged DPI following price
GOOGL bullish OI bullish DPI

Definitely looks like an index and non MAG 7 lead price discovery MAG7 look weak

Memestocks:
GME: 🟒, A small pump in IV short dte puts, probably sold should give some lift
DPI strong with price

Focus stocks:
SOLUSD UPXI DFDV STKE ETHA: 🟠 -> 🟒, 1000 1.0 delta calls bought in STKE single buy.
I tend to think ETHA will give us better idea of hedging and liquidity as Solana lives for ETH utilities
ETHA got a touch heavy and all of ETH SOL proxies look like selling washing through, slightly heavy hedging, some liquidity washing through

Sent at: 12-04-2025 10:09:53 GMT+0000

Bruce Gibbs:

.
.
Sorry been off line the last week, still herding cats in the family πŸ™

Sent at: 11-30-2025 22:48:30 GMT+0000

Bruce Gibbs:

VIX getting anger as everyone hedges for NVDA today and employment data tomorrow

Screenshot_20251120_064540_Chrome.jpg

Sent at: 11-19-2025 19:46:47 GMT+0000

Bruce Gibbs:

Gotta love hedging and call selling on shit days

image.png

Sent at: 11-17-2025 19:06:40 GMT+0000

Bruce Gibbs:

[no text – attachments/embeds only]

Sent at: 11-17-2025 07:49:09 GMT+0000

Bruce Gibbs:

[no text – attachments/embeds only]

NVDA_2025-11-17_18-43-04.png

Sent at: 11-17-2025 07:43:44 GMT+0000

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