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QQQ Retesting the White Zone as Resistance
QQQ is surprisingly green today despite the worse than expected jobs report and jobs revisions. On a positive note the unemployment rate is still low, and Sahm’s rule has has become untriggered as the unemployment rate remains flat. I think jobs data will be important to monitor over the next few months because there are […]Read More
Selloff for QQQ
QQQ has started to selloff and has lost numerous support levels today. There is a break below the white zone and the yellow channel with a drop below $488.48 support. I think there could be some downside next week as we wait for the results of the US presidential election. Numerous stocks have also dropped […]Read More
Selloff for NVDA as SMCI Accused of Cooking Their Books
This week SMCI’s auditor resigned and accused SMCI of cooking their books. This could create a ripple effect for NVDA and the semiconductor sector. SMCI has been a large customer for NVDA, and this could raise some investor concerns about the finances behind some of these semiconductor stocks. NVDA was trading at all time highs, […]Read More