Fun Fact #24
Did you know that David Tepper, manager of the hedge fund “Appaloosa Management,” has a pair of brass balls that he strokes whenever he needs luck?
This is definitely not one of those moments where I say “Haha, got ya, it was just a prank bro!” Read about his (lucky brass balls) here.
I updated my target for Facebook up to 172 (from 165) because it is showing strength when the entire market is showing weakness. 172 happens to be within the 170-173 resistance zone as well as being a gap.
QQQ is still having trouble with the 162 level neckline resistance as you can see in the chart below. If QQQ can close above this level, like I was discussing yesterday, this would likely result in a move to roughly 167. Also notice that the volume is still really low.
I think QQQ will retest the 162 neckline resistance level by the end of this week, and hopefully break above it.
Have a great day!