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S&P and NASDAQ Trending for a Bullish Monthly Candle Close
SPY and QQQ had a pretty strong performance in May, and are trending for a bullish monthly candle close. I think the short-term drop is looking like a healthy correction, and I’m leaning towards a continued rally that peaks around July. I also think we are likely to see a multi month downtrend around August […]Read More
The Possible Future Titans of Wall Street
Wall Street has always been a dynamic arena where the biggest players constantly jostle for the top spots. History has shown that the composition of the largest companies by market capitalization changes over time, reflecting shifts in technology, consumer behavior, and economic conditions. For instance, in 2000, companies like Nokia, Intel, and General Electric were […]Read More
QQQ Showing Strength Into Resistance
QQQ has been building more strength into the red resistance line. There is a white support line directly below, as QQQ continues to make attempts to break through the red resistance line. QQQ has been relatively stronger compared to SPY, most likely due to NVDA’s recent post-earnings rally headed into the June 7 stock split […]Read More