QQQ saw jump from yesterday's prices due to a better than expected jobs report. The key takeaway: "What will happen now is that investors will really focus in on when the Fed is likely to announce a tapering of its asset purchases."
From CNBC:
www.cnbc.com
S&P 500 hits another record high after better-than-expected June jobs report
Stocks rose at the open and...
Tech is getting a boost as investors appear to be shifting back to tech from value small cap. There's still a couple of fed meetings on the near horizon that add risk to the backdrop, but it appears that it's going to be a strong summer for tech.
QQQ broke through the key top resistance set by the channel and moving averages are indicating price acceleration and...
Small cap has seen a lot of influx, after the rotation from large cap and tech, after vaccines show positive reflections on the economy reopening, and continued low interest rates. These all support small cap companies, especially illiquid companies that will benefit from injections of capital via low interest rates. When the Fed signaled an earlier tapering of...
"The Fed moves up its timeline for rate hikes as inflation rises"
PUBLISHED WED, JUN 16 20212:00 PM EDT
www.cnbc.com
The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates.As expected, the policymaking Federal Open Market Committee unanimously left...
Based largely on price and chart pattern within the context of falling unemployment, rising inflation, and perceptions of rising inflation on FED policy, I believe the price will channel through this pattern. By mid-July, QQQ price will reach a high of around $350, after falling back to the channel and bottom resistance point. I've outlined the rise timing by the...
The biggest concern driving market movements is inflation with respect to Fed policy regarding quantitative easing. In this market, good news is bad news, and vice versa, e.g., when inflation is very good, this may signal a reversal of bond purchases from the Fed, and thus less support for the market. However, the market seems to have shrugged off the latest...
"U.S. stocks climbed on Monday, the first trading day of May, as shares tied to the economic reopening continued to rise."
"Despite Friday’s weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic."
"The S&P 500 is now up 11%...
Clearly a lot of value has been lost in the past month. The CSO stepped down and analysts downgraded projected revenue. EDIT has very lucrative candidates in the pipeline treating sickle cell anemia. Long-term, this company will most certainly be profitable, with significant patent protection. This is a short term down draft that is consolidating, for the near...
QQQ has established new all-time highs and new resistance levels. Several factors are at play:
1. The inauguration of President Biden and Democratic Congressional majority fueling large fiscal stimulus packages
2. Optimism ahead of earnings from Apple, Facebook, and Google
3. COVID vaccination rollout plan from new administration
4. Better than expected jobless...
QQQ is testing all-time high established on Dec. 08 2020. Wick down through all-time high on Jan 4.
Major concerns are around COVID, vaccine rollout, and Georgia run-off.
It appears that the market is continuing it's rotation out of tech, having seen major increases in performance in Bitcoin and Gold, around inflation concerns.
QQQ is currently hovering around it's all time high established on Dec 08, 2020. There are several factors at play (in no particular order):
1. Congress is negotiating a potential increase to the previously approved stimulus plan, to provide $2000 weekly checks instead of the agreed upon $600. The GOP controlled Senate is pushing back against the Dem led House...
The Nasdaq will test the temporary top resistances at 297.40 and 299.78. There was a temporary rotation out of tech after the vaccine announcements, but given that it will take time for the vaccine to be administered, tech will remain strong for the next several months, at least. The results of the Georgia senate race are irrelevant or priced in as if the Dems...
This is my first analysis of the Nasdaq 100. I'm new to charting in general. I'm interested in understanding if simple charting can be used to identify potential entries and exits. I look at the market from a macro point of view. But I believe charting may help in understanding daily trading activity and, as such, will help to identify general market sentiment in...
