$Celestica(CLS)$ It is remarkable timing that just as AI stocks are about to break their descending tops, Dario decides to have a Jerry McGuire moment. Does he seriously think the whole world is going to slow down AI development now? $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$
$Invesco QQQ(QQQ)$ If you think the people who control the outcome care about a 20K portfolio, you're mistaken. The US has never looked so good, and the effects should become clear shortly.
$Invesco QQQ(QQQ)$ Here we go back up because algos and some people actually contribute to their retirements. Fun fact: markets go up 7 out of 10 times.
$Invesco QQQ(QQQ)$ The upcoming CPI release should give some direction on whether another rate hike is coming or not. If the Fed holds off, that could be the setup for all-time highs.
$Invesco QQQ(QQQ)$ The new U.S.–Venezuela agreement is substantial. Venezuela says the 25-year deal targets production of 1.5 million barrels/day, while the U.S. is gaining access to a very large reserve base and intends to use Venezuelan crude to help refill the Strategic Petroleum Reserve. That gives the market a credible alternative supply story at exactly the right time. Reuters was already reporting Friday that oil fell more than 4–5% on the week, partly because traders were pricing possible Hormuz normalization and expanded Venezuelan supply.
$ProShares UltraPro QQQ(TQQQ)$ Here's the next setup before a potential upside continuation. Price has confirmed a reclaim of the key 70 level and has broken and held above the VWAP. The action is following through with higher highs and higher lows, which is exactly what we're looking for. The hourly RSI remains strong as price approaches the 71.00 and 71.44+ targets. Patience pays.
$Invesco QQQ(QQQ)$ This looks like dealer positioning around monthly expiry. It should close between 705 and 710, then bounce next week. I'm looking at $ProShares UltraPro QQQ(TQQQ)$ calls near Friday's close or Monday.