Any Suggestion.
My monthly adding
$VGT (+0.92%) 33.3%
$BRK.B (-0.45%) 33.3%
$QQQ 33.3%
Posts
26Any Suggestion.
My monthly adding
$VGT (+0.92%) 33.3%
$BRK.B (-0.45%) 33.3%
$QQQ 33.3%
$QQQ $QQQ right shoulder invalidated. That H&S setup got smoked. Bulls defended hard above $515. Now watching if we build for a higher move, or just a fakeout.
$QQQ $QQQ Clear head & shoulders forming on the 1H. Rejection at trendline + neckline in play. If this pattern plays out, $500 is the next magnet. Let’s see if bears show up. 👀
$QQQ $QQQ (Invesco QQQ Trust) pushing right into trendline resistance. Would prefer a pullback here to build structure potential for an inverse H&S if it sets up. Still a great move off the lows, but no need to chase.
$QQQ I'm seeing a battle setting up on $QQQ too.
Tight price action right under that 489.50 fib resistance.
If bulls can clear and flip it, could get a squeeze.
If not.....lower highs might seal the deal for a deeper pullback.
Today ain't my day. I discuss my background as well as add another diary entry to my YouTube channel.
I am trying to grow this portfolio WITHOUT selling, and I do not know how realistic this goal is. All in all, I know that the recent increases in the prices for $VOO (+0.22%) , $SCHD , $SCHY , $SCHG , $VYMI , $VUG (+0.67%) , $DGRO , $QQQ , and $TQQQ have increased a good amount.
However, out benevolent tech dictatorial oligarchs have really not released any positive news. Therefore, I am quite hesitant to invest in big tech at the moment. Maybe in the near future, big tech will be selling at more palatable prices.
I am trying to manage my money as best as I can. I see the underlying shifts etc but who knows exactly how much the US can lose while the rest of the planet gains???
Follow me for unbiased and straight to the blood commentary as well as information. I am a type of devil, but at least I am predictable...
$QQQ looks clean for a continuation push into 495–500+ if the current breakout holds. If bulls push early week, sellers may step in at 495–500. Red rejection candle at that level = bear play resumes. Bullish
Happy Friday and great work on surviving another week! Today was an incredible end to a fantastic rally:
Furthermore, USA jobs data came in stronger than expected, and American investors are continuing to be bullish in the country. European investors, however, have withdrawn their capital from the US and are hesitant to come back.
Meanwhile, European defense companies continue to rally as the EU is starting its defense industrial complex.
Its been a good day for the Magnificent Seven, except... $AAPL (+0.88%) . This is due to $SPOT (+0.73%) 's successful lawsuit against the tech giant's monopolistic store practices.
I am discussing all of this and more in my May 2nd market update video. Have a great weekend!
If Ghostbusters ever taught us anything important, it was that something bad would happen when you cross streams, but guess what? $QQQ didn't listen and the 50-day moving average crossed the 200-day moving average from below, creating a so-called "death cross".
This is a technical chart pattern that indicates the transition from a bull market to a bear market and basically confirms that we are entering a bear market no matter how much Donald Trump tries to boost it.
The latest death cross in the Nasdaq $CSNDX (+0.62%)
happened in March 2022 and sent prices plummeting 25% over the next 7 months, stayed flat for about 5 months and then a "Golden Cross" which is basically the opposite and occurs when the 50 day moving average crosses the 200 day moving average from above, happened around March 2023 and we all know the crazy rally that followed. 📈
Although none of the crosses are completely reliable as a sole indicator for predicting market trends or making investment decisions, they are useful tools for identifying potential trend changes.
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