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 »
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 »
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 »
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.
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 »
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 »
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 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 »
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 »
The entire market is rebounding after a brutal 6-day sell-off. But evidence points toward a second leg lower to come later this week.
Market Rebound Continues Ahead of a Likely 2nd Leg Lower later in the Week Read Post »