$QQQ TOP 20
Added 2023-03-19 21:24:15 +0000 UTCIt has been a nice bounce so far, 314.20 is what we are watching for, a break to a new high, if this can hold above there may be some upside potential, IN THE SHORT TERM, my gut is telling me that it is foolish to be bullish here at all but the only olive branch I am extending here to the bull case is that, because the banking sector is so weak right now, this may direct money in to reliable, strong tech stocks.....and I understand this, that is why these stocks are in our Top 20 List, we know how good they are.
But I think we need to be sensible here, even if this breaks into the bull case, I will not be buying here right now, I am very happy to wait for as much confirmation as possible and for macro conditions to improve and stabilise, it is too high risk as of now. Buying individual stocks I believe is a more sensible, lower risk move right now.
I will update this again during the week, the 50 and 200 Day MA are also below, so any changes out of this tight range, I will update.
