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The QQQ has pushed back up to $530 and is now positive on the week. Apple reported positive earnings and likely moving higher over the coming weeks. Nvidia may be bottoming out soon as sentiment is starting to shift in the other direction regarding Deep Seek after only 5 days…

Waiting to see how the market handles its retest phase of the sell-off before adding to our positions. Today marks another transition session.

While the market is pulling back a bit as expected, we’re now starting to get a sense of where things are likely to bottom and the market is already setting up for another sharp rebound.

Yesterday’s sell-off pushed all of tech into deeply oversold territory. We should see a major rebound begin as early as today. This morning likely marked near-term lows ahead of a strong bounce toward yesterday’s gap-line (highs).

Big market gap-down to open up some good trading opportunities near-term. For our long-term portfolio we need to see correction territory to get excited.

Markets continuing their pull-back off of overbought conditions. There are some gaps to fill and a fair degree of risk that the selling continues toward those gap lines.

There’s a possibility that we may be nearing the end of a segment. More likely, however, is the markets have merely reached overbought territory and are now pulling back slightly ahead of a second leg higher. Time-wise, we’re only 8-days into the first segment which should go for 12ish sessions.

We got a lot going on today. The QQQ has made new highs above the previous peak at $527. The SPY is now at fresh ALL-TIME highs. Nvidia pushes overbought on the hourly and might soon see another large pull-back.

The big feature today is Apple’s stock which has reached oversold conditions on the daily chart thanks to analyst comments. Why the stock is both a trading and investment opportunity.