The NASDAQ-100 (QQQ) pushes nearly oversold again on a small $3.00 pull-back this AM signaling a double-oversold scenario. This lowers correction risk somewhat.
With a sharp rebound expected early this week after last week’s heavy sell-off, we’re looking to make a wide variety of different trades across our portfolios.
Daily Briefing: NASDAQ-100 (QQQ) & SPY set to rebound off of oversold conditions Read Post »
Last week’s sell-off strongly indicates that a big rebound is coming this week. After that, there are some things pointing to a potential intermediate-term top in the market.
We executed our second trade for the $5k to $1M portfolio challenge.
Trade Alert: Trade executed in Samwise $5k-$1M Challenge (Targaryen) Read Post »
We executed our first trade for the $5k to $1M portfolio challenge.
Trade Alert: Trade executed in Samwise $5k-$1M Challenge (Targaryen) Read Post »
January QQQ $500 calls at $15 on watch; hedge to come later I wanted to give a heads up in
SPY & QQQ have pushed oversold setting up a potential long trade heading into next week. The balance of evidence overwhelmingly points to a huge rebound next week.
SPY & QQQ push Oversold on the Hourly setting up a strong rebound Read Post »
Broad market has spent all week consolidating after last week’s explosive rally. The near-term action largely points to another leg coming next week.
Market Consolidation on its fourth day as volatility drops to its 5-month low Read Post »
CPI in-line with expectations. Market consolidation looks bullish across the board. The trading action at the moment favors a breakout in the SPY, QQQ and Nvidia.
As we mentioned over the weekend, the NASDAQ-100 and Nvidia were both extremely oversold and due to pause ahead of another leg up. We’re now in day 2 of that pause. Nvidia seeing some upside thanks in part to Citi upgraded price-target.