Chuck Hughes Optioneering Market Review
Hughes Optioneering Team Update Novmber 21, 2025
What a wild week in the markets! Thursday was especially crazy—Nvidia crushed earnings, stocks jumped at the open, but then everything reversed and we saw a big drop across the S&P, Dow, and NASDAQ. The S&P is still in a long-term uptrend, but in the short term, things are looking shaky with some key support levels breaking down.
We’re seeing a lot of selling, but not quite enough to call it a full “washout” yet. There might be a little more downside before things turn around, but overall, the long-term trend is still up, and we could end the year higher from here.
Sector-wise, only energy and healthcare are up over the past month—everything else is down. Healthcare (XLV) has been especially strong, but it’s probably a bit overbought now, so we’re waiting before jumping in. On the bearish side, we sent out a trade alert for Nano Nuclear Energy (NNE), which has been getting hammered. That trade’s doing well so far, and we’re still holding part of it.