Nasdaq bull - is this true? FAANG or MAMAA $Alphabet(GOOG)$$Amazon.com(AMZN)$$Apple(AAPL)$ with Microsoft and Meta all has shown positive upside after quarter earnings regardless the guidance for 2H 22. Semicon and consumer stocks are mixed. Industries and mining have shown encouraging results as well as catalyst to tech.
Fueling the rally starting 1Aug, 10.7 million job openings with 1.8 openings for every unemployed person. Digital hardware and automotive parts remained to be highly demanded. Check your portfolio, at least half of your tech stocks would have shown bottomed since this year with 10 to 15% upside.
I have not change the strategy for the rest of 2H 22. One word "Volatile" due to Inflation and geopolitical tension. Buy selectively on MAMAA at 100 or 150 MA support level. Trade on TQQQ and SQQQ. Cheers [Cool]
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