happygo
09-22

The market is looking extremely bullish right now, with the Nasdaq up more than 2%, Bitcoin pushing higher, and major tech names like $Meta Platforms, Inc.(META)$ , $Advanced Micro Devices(AMD)$ , and Intel showing strong momentum. What makes this move interesting is that there doesn't seem to be one clear catalyst behind it, though the 10-year Treasury yield falling below 5% could be helping sentiment even with the continued uncertainty around oil prices and geopolitical tensions. A lot of these names are already technically overbought, so I wouldn't want to chase at elevated levels, but I also wouldn't try to call the top and short too early while momentum stays this strong. I'm staying patient and watching for signs of consolidation or a reversal before looking for a higher-quality setup. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $ProShares UltraPro QQQ(TQQQ)$ 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment