The Long Investor

$QQQ TOP 20

Added 2023-12-05 00:57:35 +0000 UTC

I will rotate between the $SPY and $QQQ most mornings so we get a good look at how the market is moving daily, I think this will prepare us for the day ahead and for any important news or announcements that may affect the market on that day.

A lot of the Mega Caps pulled back today, which was a great start to the week, $AAPL was down 0.95% for the day and the $QQQ was down 0.93%.....and as we know, this is not a surprise to see them closely correlated.

I think over the next week and a half we will see a trend to the downside here as the market continues its needed pull back and we will have some more opportunities to add shortly.

The 200 Day MA is at the 0.38 Fib now on the 1hr chart, a pull back to this level would be fair compromise in the short term.