Monday: Greetings! Hope you had a great week last week. Thanks again Archna, Mikey and Rithika for keeping the live trading room going while I was away! Coming in with fresh eyes, I can see we tagged perfectly the SPX 4444 and overshot my QQQ 368.83 daily gap fill price target. The yen, yuan and rupee are back at Oct 2022 levels with the USDINR looking like a big move is coming for higher. My growth-to-value rotation call wherein mega cap tech would soften pulling down indices has been in play while I was away with NDX losing 2.5% to DIA .15%. It does not look done except for an intraday bounce in NYFANG, XLK + SMH. LOTS of bounces off their 55D as discussed live: like NVDA chase into 431.69 which I thought would take 2 days!
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Bond Bulls Need to Defend Here!
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Monday: Greetings! Hope you had a great week last week. Thanks again Archna, Mikey and Rithika for keeping the live trading room going while I was away! Coming in with fresh eyes, I can see we tagged perfectly the SPX 4444 and overshot my QQQ 368.83 daily gap fill price target. The yen, yuan and rupee are back at Oct 2022 levels with the USDINR looking like a big move is coming for higher. My growth-to-value rotation call wherein mega cap tech would soften pulling down indices has been in play while I was away with NDX losing 2.5% to DIA .15%. It does not look done except for an intraday bounce in NYFANG, XLK + SMH. LOTS of bounces off their 55D as discussed live: like NVDA chase into 431.69 which I thought would take 2 days!