The Long Investor

$QQQ TOP 20

Added 2024-06-16 18:13:21 +0000 UTC

The $QQQ is now storming ahead of the $SPY as both $AAPL, $MSFT and $NVDA, the three biggest companies in the market battle it out as the top company in the market in terms of market valuation.

Since Nov '23, where we insisted that the pull back was only Primary Wave 4, the $QQQ has now jumped from $340 to $479....an enormous jump, massive melt up and this final stage of Wave 5 is now going parabolic, very typical of a Wave 5.....as the masses chase and the people are only seeing cash symbols in their eyes....this is the way it has always been and always will be before a correction

Very few prepare for corrections, which is why the economies around the world collapsed in 2008, nobody wants to accept that the party is over for awhile and corrections are not enjoyable.....but they will be for us, when we get to add our favourite stocks at on sale prices.

$AMZN, $GOOG and $NVDA remain my main targets when the market completes its ABC correction and I will consider a sizeable position in the $QQQ too....until then, I will continue to only buy undervalued positions, add to Silver and consider $TLT and dividend stocks.