What a difference a few days makes. The S&P 500 and the Dow both printed brand new all-time highs today, and the bear trap I flagged on QQQ last week played out exactly the way bulls wanted: shorts got roped under … Read more
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It’s a tricky tape heading into a loaded week. The Fed lands tomorrow, Meta, Microsoft, Apple, and Amazon all report, and the QQQ is fighting for dear life right at critical weekly support. The equal-weight S&P and the Dow look genuinely … Read more
There is plenty going right under the surface today. The chips and big tech are finally waking up, energy gapped higher, and $NVDA just climbed back to the top of the Big 10, something we have not seen in a … Read more
The market still has a lot of areas acting well, but I do not think this is a clean risk-on environment until QQQ starts to improve. IWM, the Dow, financials, healthcare, and other sectors are showing strength, but QQQ is … Read more
The market is starting to look better, but I still do not think we are back to the easy April-style environment just yet. IWM and the Dow continue to show strong structure, but the bigger key may be whether QQQ … Read more
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