$JPMorgan Chase(JPM)$ overbought.. funds purposely pushing the price high to sell their positions, trapping retailers. Funds will soon switch from traditional companies to tech companies since companies within dow jones are mostly overbought and the fundamentals are not supporting their current prices.
ok//@koolgal: With inflation at 40 year high, the Feds main focus is to quell it with aggressive interest rates hikes. However there was recent talks that the Feds are considering slowing down the rate hikes and that have resulted in the recent markets uptrend. Nonetheless at some point in time, the Feds will slow down the interest rates hikes. That will dampen the strength of the US Dollar. Let's hope it would be soon. Thanks @Capital_Insights for your excellent insight on the prevailing strength of the US Dollar.
@Capital_Insights:Good News? The Soaring Dollar is on its Way to Peak Soon?!
$TQQQ(TQQQ)$Recently, I bought back TQQQ on two ocassions at $19.75 and $19.34. The reason I bought back TQQQ as I saw that there is a need for rebound in all three indexes after a big selloff in recent months. However, it is still quite hard to perform short-term trade in this market in recent days as the market rise one day and fall the other. If you are a good trader and have time to monitor the market on a daily basis, it will defintely benefit you since there is a potential to earn from both long and short positions. But for me, most of the time due to timezone difference, I am only able to monitor the market for the first half of the day. Hence, it is much more important for me to pick important ticker and buy at, not the lowest, but one of t