5/5/2019 Stocks bounce around but end flat this week. Expect some harder selling pressure next week.

Hi everyone. Stocks bounced around a lot this week, but ended up flat. Since earnings for some of the big companies are out of the way, I suspect we will see more selling pressure next week. 

QQQ weekly 5_5_2019.JPG

From the lowest point at the start of 2019 to current prices, QQQ has gone up over 34% with only one significant down week. Since the momentum is still strongly skewed upwards, shorting here without a good sell signal doesn’t make much sense. However, I do think we start to move lower in the next week or two. 


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