QQQ

2021-04-11 Sunday

WEEKLY MARKET OVERVIEW Another strong week for the markets with S&P500 (SPY) and Dow Industrial (DIA) pushing to fresh new all-time highs, and starting to look very extended on the upside. Mega tech stocks (QQQ) have been the weekly leaders and now are about to test resistance at former all-time highs. Small caps (IWM) have …

2021-04-11 Sunday Read More »

2021-03-21 Sunday

WEEKLY MARKET OVERVIEW Inside last Weekly Report I wrote: “with most indices in overbought territory, some sort of consolidation or minor pullback would be normal and acceptable.” This is exactly what happened this week with the S&P500 (SPY) pulling back to oversold territory and just above the trend line that has been holding as support …

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2021-03-14 Sunday

WEEKLY MARKET OVERVIEW After a few tough weeks bulls look to be back in control and pushing most indices to new all-time highs. Despite the overall market recovery, mega tech stocks (QQQ) are still lagging with money rotating in other areas such as industrial (DIA) and small caps (IWM), both exploding to the upside. Next …

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2021-03-07 Sunday

WEEKLY MARKET OVERVIEW Last week has been another wild one. After a gap up and a strong green day on Monday, we got three and a half scary days with deep selling pressure, with finally some relief only in the second part of Friday’s session. Despite the rollercoaster of the last three weeks, the S&P500 …

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2021-01-24 Sunday

WEEKLY MARKET OVERVIEW With the new US president finally at the White House, this four trading days week has seen most indices recovering from the previous week’s losses and back to a test of all-time highs. Weekly performance:– SPY (S&P500) +1.91%– QQQ (Nasdaq100) +4.35%– DIA (Dow Jones Industrial) +0.60%– IWM (Small Caps) +2.02% The SP500 (SPY) broke out to all-time highs on the …

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2021-01-11 Monday

Choppy price action throughout the entire Monday’s session with major stocks showing mixed behaviors. Headlines remain heavily negative but stock owners keep holding and looking for higher prices. That is confirming the strength of a market that refuses to go down on bad news. Finally, also TSLA took a break after the recent wild run! …

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2021-01-04 Monday

Overall the first trading day of 2021 has been an interesting one. After the positive price action of futures before the opening, the session started in the red with a continuous selling wave during the entire morning. Then between 12 and 1 pm we saw the formation of a bottom and a modest recovery in …

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