Correction Day 18: Market is Going through a Definite Bottoming Process & Likely Rallies next week
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Correction Day 17: QQQ & SPY go Through Retest of the Lows & Bottoming Attempt
The broad market indices are retesting lows after Tuesday-Wednesday rally. Some signs point to a bottoming process having started.
Correction Day 17: QQQ & SPY go Through Retest of the Lows & Bottoming Attempt Read Post »
Correction Day 16: Market Gaps Up Off Oversold Daily; Soft Inflation Report
Market gaps-up off of a cool inflation report. It’s possible that a 50% retracement rebound may have gotten started. The QQQ will need to close Monday’s gap minimum for this to count as anything substantial.
Correction Day 16: Market Gaps Up Off Oversold Daily; Soft Inflation Report Read Post »
Markets pause Ahead of Inflation Data Later in the week; 3rd Session of Oversold Daily
As the QQQ enters its 3rd day of oversold conditions, it looks to form a bottom near the $470 area ahead of a likely rally to $505 a share in the coming weeks.
Markets pause Ahead of Inflation Data Later in the week; 3rd Session of Oversold Daily Read Post »
Daily Briefing: Looking to Deploy Our Remaining 30% Cash on the Sidelines this week; QQQ Heads for a Bottom
If the market pulls back toward Friday’s lows at any point this week, we’ll be deploying our remaining 30% cash on the sidelines as we expect the market to rally soon.
Feb 2025 Correction: Why the NASDAQ-100 (QQQ) is close to an Intermediate-Term Bottom
The NASDAQ-100 (QQQ) is extremely close to a major bottom and will soon experience a significant rebound retracing at least half of the losses if not 100% of all loses sustained in January – February. The rally sits right at the horizon. It’s coming.
Feb 2025 Correction: Why the NASDAQ-100 (QQQ) is close to an Intermediate-Term Bottom Read Post »
Employment Report is a Non-Event as Correction Reaches 10% Mark in Tech
A lot of evidence now points toward a strong rebound kicking off next week. We discus in the daily briefing.
Employment Report is a Non-Event as Correction Reaches 10% Mark in Tech Read Post »
Broad Market on Fourth Push Lower with Waning Sell Momentum
Market momentum is slow reversing to the buy side and has been discretely doing so since February 24-25. The rips are getting stronger and down legs weaker. Major rebound is inevitable. Correction likely completely over by end of March.
Broad Market on Fourth Push Lower with Waning Sell Momentum Read Post »
Market May Retest Yesterday’s Lows Before Rebounding
Market may retest the lows before we get a larger rebound. With the QQQ down 10% from its highs in one straight leg down, trades down here are bound to lead to gains.
Market May Retest Yesterday’s Lows Before Rebounding Read Post »
NASDAQ-100 (QQQ) To Test the 200-Day Moving Average
The NASDAQ-100 triggers its second major bottoming indicator for the correction. Though we still expect a second leg lower serrated by a major rebound before we reach a low point.
NASDAQ-100 (QQQ) To Test the 200-Day Moving Average Read Post »