$Navios Maritime(NM)$ Nasdaq 100 Index futures have hit the 50% Fibonacci target. The chart is fighting for support around this zone, but it has been a slippery slope on the 4-hour and 1-hour cloud charts. I'm watching for any support to hold around these levels. Price action needs to climb back above the cloud for the cloud chart to turn bullish. Risky times.
$Invesco QQQ(QQQ)$ Didn't think I'd be saying this, but it feels like the worst is over. Apple earnings could still drag things down a bit, but at this point most of the damage looks like it's already been absorbed. I'm buying at these levels.
$Meta Platforms, Inc.(META)$ Meta could earn $30-$35 next year. With a reasonable 25 multiple on that, the math works out to around $750-$875 per share. This looks like a solid entry point. The negative noise around capex returns doesn't really match what the numbers are already showing — revenue this quarter was up 28% YoY.
$Invesco QQQ(QQQ)$ Honestly, a quick flush down to 550 might not be the worst thing. It could clear things out and set up a much cleaner move higher from there.