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Stocks

SPY Strong Support at $500, Likely to Rally Higher

SPY has been building strong support at $500, and I think there could be some upside over the next few weeks. May is likely to be bullish, but the key question is whether traders will sell in May and go away. I’m personally leaning towards a bullish summer and a bearish fall, but we’ll reassess […]Read More

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Stocks

SMCI Opportunity to Buy the Dip

SMCI reported strong earnings and set high guidance for next quarter. I think there will be some more upside for SMCI, and it is one of the hotter stocks in the market right now. Buy target: Stop Loss: Sell target: SMCI beat earnings expectations, and set high guidance for next quarter. SMCI’s seasonality index is […]Read More

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Stocks

QQQ Still Slowly Trending Up Despite the Pullback

QQQ is still making some slow progress to the upside despite yesterday’s selloff. I would monitor for a rebound and continued upside over the next few trading days. However, traders and investors are patiently waiting for FOMC so we’ll see how the markets are looking in a few hours after the FOMC announcement. ChartChamp socials: https://linktr.ee/realchartchamp

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