$Invesco QQQ Trust(QQQ)$ 11.5% gain from open before the huge reversal. It went ballistic without bank sector on quadruple witching Friday at the beginning but eventually got hit with First Republic Bank's update. ⚠️ Setting up for a retest before FOMC's announcement of the new interest rates hike next week.


The tech-heavy Nasdaq Composite Index closed barely in positive territory, while the Dow Industrials and the S&P finished moderately lower.

Technology, communication services, financial and consumer discretionary stocks were among the best performers of the session.

Strong domestic economic data on the housing and job markets also unnerved traders, who are bracing for a 25 basis point hike when the Fed meets next week or potentially even a pause.

Sentiment reversed in late morning traders as rumors began drifting around that big banks will likely pitch in with $30 billion in financing for the First Republic Bank. The Nasdaq Composite Index ended at a one-month high.


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# Share Trades to Win Coins! (22 Mar)

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  • shining87
    ·03-20 18:42
    TOP
    When one of the largest global banks that has been around for 164 years needs to be rescued, it's not exactly a good sign of things to come. Hope no one here is long QQQ right now.
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    • ZEROHERO
      Trade it, not ideal to invest this season
      03-20 20:50
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  • YvetteGunther
    ·03-20 18:43
    TOP
    QQQ over the last 11 trading days has outperformed every index, mutual fund, and etf available. By a large margin. Good luck keeping up with that dynamic.
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    • ZEROHERO
      Go with the flow 👍
      03-20 20:51
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  • fishinglo
    ·03-20 18:43
    TOP
    Next week. $285 or $315. Bet accordingly!
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    • ZEROHERO
      🤑💪
      03-20 20:51
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  • jeffry09
    ·03-20 18:44
    TOP
    Bet Fed will pause (no hike) next week to allow banks to recover. Qqq straight to 330.
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    • ZEROHERO
      A matter of time 😉
      03-20 20:51
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  • JuliusGoldsmith
    ·03-18
    TOP
    Thanks for sharing. Neutral. Let's wait for next Wed
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    • JuliusGoldsmithReplying toZEROHERO
      Thanks! U too. ☺️ Happy weekend ☺️
      03-18
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    • ZEROHERO
      Have a blessed weekend ☺️
      03-18
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  • CynthiaVogt
    ·03-18
    TOP
    endless shame among banks
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    • ZEROHERO
      Transfering risks to bigger banks that’s too big to fail. Let’s see who catches the 💣 and the Fed will start the 💴 🖨
      03-18
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  • JoanneSamson
    ·03-18
    TOP
    tech rally is just taking a break
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    • JoanneSamsonReplying toZEROHERO
      It knows how to catch 🙏🙏🙏 and we are matching on the rhyme
      03-18
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    • ZEROHERO
      Energy and coin sectors catching the wave
      03-18
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  • wolfenstein1314
    ·03-18
    TOP

    Thanks for sharing

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    • ZEROHERO
      Welcome 🙏
      03-18
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  • Ann Ann
    ·03-18
    👍🏻👍🏻
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    • ZEROHERO
      🙏
      03-20 20:50
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  • Elsa Heng
    ·03-18
    [What]
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  • LEESIMON
    ·03-18
    Ok
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  • Kok Weng
    ·03-18
    [Cool]
    Reply
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  • BurLInG
    ·03-18
    Up
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    • ZEROHERO
      Up and away
      03-18
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  • CCYMoney
    ·03-18
    DM GM
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  • vic78
    ·03-18
    👍
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  • Pokkypok
    ·03-18
    Ok
    Reply
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  • AbbyOng
    ·03-18
    Ok
    Reply
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  • Jsgoh28
    ·03-18
    Ok
    Reply
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  • ee244c
    ·03-18

    Ok

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  • JLSE
    ·03-18
    👌👌
    Reply
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    • ZEROHERO
      🙏👍
      03-18
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