4/29/2018 QQQ Monthly Chart

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QQQ monthly 4_29_2018.PNG

Above is the monthly chart of QQQ. 

Unless we close below 150 for any given month, I think the bull market continues. Also, notice that in 2008, the market sold off hard, recovered a bit, but then crashed. So far, I think that if we keep making new highs, there’s little chance that we have a crash like in 2008.

Published by bigfry

Hi, I’m Nathan and I’m currently a Sophomore at Boston University majoring in Finance and minoring in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. So far, I’ve only been trading stocks for about a year, but I plan to continue trading for a long time. Outside of school and trading stocks, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game. This blog will be dedicated to sharing my trading experience, what I learned from the books I’ve read, and commentary on the FAANG stocks (Facebook, Apple, Amazon, Netflix, Google) along with the major indexes. I will also have resources that explain my take on risk management, options trading, popular indicators, psychology, and of course, entertaining stories. I hope to write a book in the near future!

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