$Invesco QQQ(QQQ)$ looks set to stay supported above the May 19 low and resume the rally toward fresh all-time highs. As long as that pivot holds, pullbacks should remain corrective and the bullish trend stays intact.
$Invesco QQQ(QQQ)$ SLS shorts, what's the plan now? The warrant shield is gone. For years, shorts could hide behind a massive warrant overhang and point to dilution risk. That game is over. Now you're holding a short position overnight against: A survival-driven Phase 3 trial Event #80 pending A company with cash Significantly reduced warrant coverage Think about how absurd that is. You're betting against a trial that has survived multiple IDMC reviews and has taken more than 6 months longer than many expected to reach final analysis. And you're doing it with far less protection than existed a few months ago. Every day Event #80 doesn't happen, you're paying to carry the trade. Every day you wake up short, you're one headline away from finding
$SPDR Gold ETF(GLD)$ The US dollar faces multiple threats, such as overprinting, excessive debt, policies lowering rates, angering European holders of treasuries, and seizing Russian dollar assets. The dollar was once considered as reliable as gold globally, but this status has eroded. Astute investors are thus moving into dollar-denominated assets that cannot be printed and lack counterparty risk, specifically gold and silver. Gold and silver miners leveraged to metal prices may be considered, like FORT for gold and $Endeavor Group Holdings Inc.(EDR)$ for silver. For gold ETFs, $VanEck Gold Miners ETF(GDX)$ and