The market continues to surge higher on the back of election euphoria as both Nvidia and the QQQ continue to make fresh all time highs.
With President Trump winning a decisive victory, the uncertainty of a potentially contested election is no longer at risk for the markets. Futures immediately surged and indices opened near their all-time highs.
NASDAQ-100 (QQQ) pushes up to the gap-line at $492.50. Nvidia (NVDA) in the process of retesting its highs. With correction risk sky high, we’re purchasing hedge for Lannister Portfolio TODAY!
As the market rebounds off of extremely oversold conditions set by Thursday’s shellacking, the intermediate-term direction remains uncertain as the election draws near.
While the market is rebounding today off of extremely oversold conditions, nothing about the move signals that we’re out of the wood. There’s probably more downside ahead.
Daily Briefing: Markets snap back off oversold conditions, but not out of the woods Read Post »
Broad market selling off on Microsoft (MSFT) earnings outlook but now virtually everything is oversold. The QQQ, SPY, NVDA, AAPL, MSFT and others are all oversold near-term. We discuss how to capitalize on it.
Markets continues to consolidate near their highs which strengthens our confidence levels in the current outlook. But the action remains stagnant and boring. Microsoft and Meta could change that this afternoon.
A brief, straight forward analysis on how the past six presidential elections have impacted the stock market. What you’ll find will surprise you.
How the presidential election might impact the Direction of the stock market Read Post »
Google & AMD showing very strong momentum as we head into earnings. Both stocks are at overbought conditions. Google breaking out of a 3-month pattern. How these companies performance will determine the rest of the week.
Daily Briefing: Google & AMD earnings today to set the tone Read Post »
Every original FANG stock is reporting earnings this week starting tomorrow. The NASDAQ-100 (QQQ) and Nvidia (NVDA) are in wait mode. Tight trading ranges all day long.
Daily Briefing: NASDAQ-100 to test $500 at the open Read Post »