The QQQ pull-back has reached 3.4% which is exactly in-line with the historical trend. But with Nvidia reporting earnings today, the overall trend is at risk.
Daily Briefing: Wednesday, Aug 28, 2024 Read Post »
The NASDAQ-100 has formed a pretty substantial bull-flag on the hourly charts and is ready to breakout on the back of Nvidia (NVDA) earnings.
Daily Briefing: Tuesday, Aug 27, 2024 Read Post »
Covering intraday news, technicals and other highlights of the trading session for Monday, Aug 26, 2024.
Daily Briefing: Monday, Aug 26, 2024 Read Post »
While we expect the SPY, NASDAQ-100 and Dow to move higher in the coming weeks and months ahead, there are significant risks to our outlook that must be analyzed and reviewed.
The market was trading at extremely overbought conditions and was due for a near-term pull-back. We’re seeing that play-out right now. But how long will it last?
Stocks sell-off as expected Read Post »
We’ve only just begun a new rally in the stock market. During this recent secular bull market that began in January 2023, each rally has been significantly longer than usual. We’re only at day 12 of a rally that should last 40-70 days or longer.
Market rally has only just begun Read Post »
With the markets having gone on the rip-your-face-off rally we predicted back on August 5, we’re now getting very close to a near-term top across the board. Sometime this week, we’re likely to see a sharp and short-lived pull-back in the NASDAQ-100 (QQQ), the S&P 500 (SPY), Nvidia (NVDA), Apple (AAPL) and the rest.
Sharp Short-Lived Sell-off Coming Read Post »
The NASDAQ-100 (QQQ) has bottomed out today on a high volume, fear-driven, extreme $VIX oversold sell-off. We’ve seen days like this over and over and over again in high volatility corrections and they almost always mean the market has bottomed.
NASDAQ-100 has bottomed Read Post »
As I mentioned about a week ago, NVDA will soon begin a monster rally up to $150 a share. Nothing has changed. Not one bit. As I mentioned last week, there was every possibility of NVDA going all the way down to $90 a share even. But that won’t change the fact that once the correction ends, a monster rally of epic proportions will begin.
NVDA heading back to $150 Read Post »
Nvidia is now nearly oversold on the daily chart which is extremely rare. It is getting very close to a bottom point if it hasn’t bottomed already. It might fall under $100 for a very brief period of time within the next week. Hell it might even go down to $90 within the next 3-5 days. But after that, it’s going on a straight tear to $150. The train is leaving the station.
Nvidia 50% Rally Coming! Read Post »