Sam Weiss

The NASDAQ-100 (QQQ) rally extends to fresh all-time highs as it crosses into overbought territory. Nvidia (NVDA) returns to its all-time highs at $153 a share. We discuss how to play it.

QQQ returns to its all-time highs on news of an Iran-Israel ceasefire. Fresh all-time highs were inevitable ever since the QQQ pushed above $500 three-weeks back.

The QQQ consolidation between $520 and $537 continues as the ETF forms the beginnings of a bullish flag.

As the market continues consolidating, we outline our plans for Arryn, Lannister and Stark Portfolios. Our plan is to purchase a new hedge soon.

There’s not a whole lot of upside left in the market rally that began on April 7. As such, we plan to reduce long exposure slightly to raise cash for the next correction. We’re going to lose out high risk positions.

The NASDAQ-100 (QQQ) hourly has pushed closer to oversold territory as consolidation continues. If we get more selling in the near-term, we could potentially trade the oversold bounce.

Market has largely brushed off Israel-Iran conflict and seems dead set on testing its all-time highs ahead of late-June or mid-July correction. We’ve also figured out how to play it right.

Even Israel conducting air strike against Iran doesn’t seem to shake the market’s confidence in the rally. The market doesn’t seem ready to pull-back just yet.

So far this week has had the tightest trading range of any trading week over the past year. Trading has nearly gridded to a halt. Normally, we should see increased volatility next week.

NASDAQ-100 comes within a few points of its all time highs as it reaches overbought conditions. Chances are we’ll see a test of those highs in the coming days.