11 of the 16 events saw QQQ down over the next 2 trading days (from the close) - usually by a lot.
-2.4%
-5.3%
-13.1%
+0.1%
-0.1%
+2.9%
-5.6%
+3.3%
-5.2%
+5.1%
-9.3%
-3.8%
-2.2%
+4.4%
-0.5%
-2.2%
[4/4]
QQQ - tiny inside bar after a massive >6% red mother bar: only happened FIVE times since 1999:
May 11, 2000 (dot com bust cycle)
Mar 13, 2001 (dot com bust cycle)
Oct 18, 2001 (dot com bust cycle)
Sep 30, 2008 (great financial crisis cycle)
Mar 17, 2020 (covid cycle)
it has now happened a sixth time
but wait, this drop occurred so close to the all time high (~15% to be more precise), so it doesn't count right?
well, sorry to say but here's the kicker: in April 3 of 2000, there was a drop of ~6% (sound familiar?) that was just ~13% from the all time high
that drop on April 3 of 2000 kicked-off the dot com bust and ensuing bear market
facts.
3X leveraged semiconductor ETF SOXL saw $2.2B inflow on Friday driven by a surge in retail dip buying
The second highest and just $17M shy of record set 3 weeks ago
#MacroEdge
Taiwan’s Financial Supervisory Commission (FSC) will implement sweeping short-selling restrictions starting Monday, November 9, 2026, after the benchmark Taiex index suffered its worst weekly decline since 2001 amid a global selloff in semiconductor shares
#MacroEdge
BREAKING: US officials believe Nvidia, $NVDA, CEO Jensen Huang had a "romantic relationship" with a Chinese spy from China’s main intelligence agency, per FT.
Details include:
1. US officials say Jensen Huang had been romantically involved with Alice Huang, an executive at Megaspeed
2. US intelligence shows that Alice Huang was recruited as a spy by China’s Ministry of State Security
3. Megaspeed has now come under US scrutiny for allegedly smuggling advanced Nvidia chips into China
It's unclear what the implications of this development will be.
My biggest regret was not deleveraging in 2000 on the way down. There were plenty of chances. Nasdaq peaked in March, small caps got slaughtered after that, but mega techs kept marched, exactly like now. CSCO made ATH in August 2000. I had no macro sense and just kept buying the dip.
Rally days are over. Don't repeat what I did back then. Sell the rips.
Japan's 10 year yield has been quietly plummeting and nobody has noticed 🤫
If it has broken the parabolic trend and will continue to fall, that could indicate global growth is slowing and money is seeking safety.
This could be our early warning that a market crash is coming.