12/1/2019 Hope you had a great turkey week! Stocks continue moving upwards. I still thinks stocks will retest the previous highs before moving higher. Or we could just keep going up forever too :)

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Happy turkey week! I got a lot of school work done and I did some recipe testing for my own Boba company so that’s good. I hope your week was just as eventful.

Analysis on QQQ is below the chart. 

QQQ 12_1_2019 Weekly

Above is the weekly chart of QQQ. Notice how the bearish weekly divergence is now gone, so it looks like momentum wasn’t as weak as I had originally thought. This move upwards has been quite explosive, but I think we will cool off and retest the 195 level before moving higher. Or we can just go up forever. 

See you next week. 

Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother. I'm currently teaching Go full time, which has been the best job I could ever hope for.

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