As indicated on the chart, the $14,000 level is an important one to watch.
It seems the market has digested the inflation news and hopefully digested that of the hawkish fed comment on possible 75bp hike at the next meeting.
If this level holds tomorrow, I would hope to see some further momentum to the upside, especially in the semi-conductor space. Actually, the entire tech sector - the big-cap names that've been beat up this year I would like to see some buying there.
Interest rate hikes and inflation are not new stories. They've been shaking out investors that are frightened to be just breaking even after a year in the QQQ, for example. I think those that would be shook out have already sold. If you're still holding QQQ's after all this time, chances are that you wouldn't decide to sell tomorrow, not as a long term investor you wouldn't. You've probably be looking to add if you haven't sold out.
If you aren't sure where the bottom is and don't want to miss a move in Nasdaq, take a half or quarter-sized position in a triple-leveraged ETF like TQQQ
It seems the market has digested the inflation news and hopefully digested that of the hawkish fed comment on possible 75bp hike at the next meeting.
If this level holds tomorrow, I would hope to see some further momentum to the upside, especially in the semi-conductor space. Actually, the entire tech sector - the big-cap names that've been beat up this year I would like to see some buying there.
Interest rate hikes and inflation are not new stories. They've been shaking out investors that are frightened to be just breaking even after a year in the QQQ, for example. I think those that would be shook out have already sold. If you're still holding QQQ's after all this time, chances are that you wouldn't decide to sell tomorrow, not as a long term investor you wouldn't. You've probably be looking to add if you haven't sold out.
If you aren't sure where the bottom is and don't want to miss a move in Nasdaq, take a half or quarter-sized position in a triple-leveraged ETF like TQQQ