TNX was at an all-time high frothy type level and would likely cool down. Today is a red day, and EMA 4 at 52.39 is the key level to hold. A close below would help $iShares 20+ Year Treasury Bond ETF(TLT)$ bounce, bonds cool down, and the market rip. The thesis was that if bonds cool down it would be fuel for the stock market.
$ProShares UltraPro QQQ(TQQQ)$ Next setup before the upside continues. Looking at the 5-minute time frame, with time and patience there's now follow-through. Entry point at the break of 77.75. Bulls have successfully reclaimed and defended the VWAP. Bears are getting squeezed hard. Price targets are 78.47, 78.67+. $ProShares UltraPro Short QQQ(SQQQ)$ $Invesco QQQ(QQQ)$ NQ_F
$Micron Technology(MU)$ $Invesco QQQ(QQQ)$ Micro beat on both the top and bottom line. With good PCE data and strong numbers from MU, there's a decent chance we get a nice rally. The Nasdaq could at least retrace back toward the recent highs.
$SPDR S&P 500 ETF Trust(SPY)$ Short term, Q's looked better recently, but SPY holding and closing above 760 was huge. Leaning towards a push back towards 773/774. No telling from there. If we push and fail, my guess is it would fail at 762/763 or 765/766.
$Invesco QQQ(QQQ)$ DraftKings is my favorite stock, and I'm buying more today. Instead of just being a degenerate gambler, I'd rather invest in great companies.
$Invesco QQQ(QQQ)$ Held 700 right to the dot. Stocks above the 40ma are almost near April lows. I wouldn't get too bearish here. The real move starts after Quad witching next week.
$SPDR S&P 500 ETF Trust(SPY)$ Iran essentially gave in this morning, and Trump said the US would get a good portion of their oil. After what this conflict has cost, that seems like a positive outcome. It is hard to see anyone getting the better of Trump, especially with the way things appear to be aligning for him.