Dec. 20 at 7:06 PM
Market update - My 26 thoughts will come out in the week ahead. Let’s talk now. I believed a large cap bid would eventually save
$QQQ and it did. This week could have some volatility as volume will be light. 600 & 580 are my rough levels to add risk.
$NVDA has gone through many periods of underperformance only to shock and awe all over again. I expect a move back above the 50 day soon . One catalyst could be CES January 6th. In a market where there is less to invest in due to elevated valuations. I’m a big fan of home builders longer term. Yes they are ugly with broken charts, note the investment not trade wording. Will update you when I go long. I continue to love my
$RKT. Biotech missed the entire bull market and will still play catch up. I think mergers & valuation help
$XBI lead a bit longer. As always large gains often come from the stocks not the index.
$IMNM was up over 400% from April lows this week as an example.
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