A Free gift for you guys
A Group Momentum Tracker.
After a 2-week-long deep dive, I have come to the conclusion that momentum trumps relative strength.
https://t.co/3TJq9ZNwI4
This is the FIRST TIME
▪ QQQ has had back to back -1.5% days
▪ Going in to a 3 day weekend
▪ While not in a confirmed bear market
▪ EVER
And only the 2nd time in QQQ history
Bear market or not.
$AAPL
Wow, up >4% today!
Take a look at the bottom indicator to see how rare a move like that is.
It looks like the market is now punishing AI capex.
$TSLA reportedly told employees it will cap AI spending at $200 per week starting July 6, per The Information.
Some Tesla software engineers were reportedly using thousands of dollars worth of AI tokens per week.
Employees will need approval to exceed the cap, though beta versions of xAI products are reportedly excluded.
@n_bancroft2@KevinBlount19 🤣🤣🤣 dont block him!!
after an informative post we get some entertainment watching fools trip over themselves in the comments 😂😂
Hope you are well Nathan!
Fixed targets do not work; some don't make much in 3 to 5 days, some make multiples, so the philosophy should be to take what the market gives you rather than forcing a target. The market is not our mistress that guarantees three blow jobs a night. 🙃😁😀