So mini dip earlier in the week and guess what? Another massive V recovery. Just impossible for this to stay down. You had that fade yesterday and red candle and it got completely dominated by a massive green candle. We will now see 400 QQQ. There is just no chance that this market can sustain any down move.
Dow up 4000 points in one straight line since beginning of November!!! Zero risk. Just buy anything and make free money....they say election years equal free money too. Most are calling for s&p 5000 plus...should happen by February, 6000 by mid 2024 and 7000 by early 2025. No such thing as hard landings or recessions. They aren't possible ....inflation is over. This week's data will show inflation is down again. Fed will keep rates unchanged. Another 3% end of the week rally coming. ....remember no such thing as risk !!!! No risk all reward all the time. Free money for all!!!!!
More free money predictions... Forget 5000..... 6000 is coming even sooner. https://www.bloomberg.com/news/news...t-6-000-in-2025-blows-away-bulls-bears-doubts
Cpi data today only means 1 thing .gigantic off the charts free money making insane rally today... Numbers will come in absolutely perfect and jolt the markets to fresh highs. We can easily do a 1% pre market rally after numbers are released followed by a continued rally into close to be up as much as 2% today!!! Free money today, all day and rest of week!!!!! Fed will be very dovish......dow 40k by Christmas!!
If this is not a bullish sign, I don't know what is... "...All three major U.S. equity indexes finished at fresh 52-week highs, with the Dow Jones Industrial Average DJIA closing at its highest level in nearly two years. Yet not a single member of the “Mag 7” finished in the green. Instead, they were all deeply in the red, with every member of the elite group of megacap technology stocks finishing at least 1% lower, except Microsoft Corp. MSFT, -0.78%. How unusual is this? Turns out, it’s extremely rare for the Nasdaq to finish higher without any help from its most heavily weighted stocks."
Without the 7 names participating markets will go no where, yesterday was an extremely rare occasion that won't happen again.
It was rebalancing, but no worries QQQ still is going up today. Doesn't even matter since you have AVGO, AMD etc getting the job done.