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 :)

Category1 1 Minute

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. 

Advertisement

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.

Published

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s