$Invesco QQQ Trust(QQQ)$   has been a laggard compared to its brothers $DIA(DIA)$   and$SPY(SPY)$ , you can see from the chart that qqq is the slowest to recover from its all time high. qqq retested its support but dia and spy carried on with santa rally since oct. the sharp rally might also be due to short squeeze. qqq is weak because it is tech and tech are shunned in times of interest rate hikes. many shortists circling, hence a lot of resistance rallying. so buy the laggard after a pullback preferably after bouncing off the retracement level of 61.8% of the fibonacci retracement. the vote is for next two market days where a pullback is anticipated.

dems have held on to the senate and likely to lose the house to gop. mr market loves a republican senate and house because they are pro-market but since there is no red wave, mr market is contented with a divided government. dems will have a harder time passing bad policies. 

mr market is celebrating the possibility of fed rate hike slowing and the possibility of china opening up. mr market being too excited, big rational institutional investors will take profit and cause a pullback. but the santa rally will continue as all three major averages made new highs. this bear market rally will be a big wave up till dec before it crashes again in late dec 2022 or jan 2023.

looking at the cpi chart, it is worth taking note of median cpi or cpi m. it is still a straight line up. and if you compare the median cpi with spx and fed fund rate, you can see that for median cpi to subside, it would lag about 10 months after fed interest rate peaks usually after market crashes. the recent market crash from all time high didn't cause the median cpi to subside at all. this means the fed will have to keep on hiking rates to tame cpi. so the dec rate hike might be the trigger for santa rally to end. 

merci beaucoup @TigerStars   for making so many star astronauts. 🥂

bon courage