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448.750
-10.910-2.37%

Close Aug 2 16:00 ET

453.570High444.470Low

Warren Buffert

3 hours ago

zOOm out 🔍

$Invesco QQQ Trust(QQQ.US)$
Monthly channel respected, volume shrunk as we are in top region of channel
MACD also weakening
Weekly, this blue EMA30 line better not be broken or else..
NFA
What are your thoughts on this ''jewel'' 💍?

liquidityHunter

18 hours ago

i think next week will be green $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$
who’s going to counter trade me ?

Alex Wong Cian Yih

21 hours ago

Important Update: Sahm Rule Indicates the U.S. Economy is Already in Recession

$Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$
Dear Followers,
I need to correct some information from my previous post and provide crucial updates based on new findings. Yesterday, I mentioned that the Sahm Rule exceeding 0.5% typically predicts a recession eight months in advance, suggesting a potential downturn by March-April 2025. However, upon further analysis of the historical data and the newly reviewed ...

Fed steady, non-farm payrolls in focus: Rate cuts finally looming?

Ultratechman : stop. please let's not do this.. just the day beforehand they were saying the us economy skipped any sort of recession.

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Alex Wong Cian Yih OP Ultratechman : Hey Ultratechman,
Thanks for your comment. Here’s my perspective:
Despite the skepticism from Claudia Sahm and Jerome Powell, the Sahm Rule has a nearly perfect track record in predicting recessions. Historically, when the Sahm Rule exceeds 0.5%, the economy is either already in a recession or enters one very soon. This consistency makes it a reliable indicator, and I choose to trust it based on its past performance.
During the COVID-19 recession, officials were reluctant to acknowledge the downturn, labeling it as a "technical recession." Later, data and charts categorized it as a genuine recession. This shows that politicians often play with terminology to avoid admitting to a recession, especially around critical times like elections.
Given the upcoming U.S. elections in November 2024, it’s plausible that officials might delay acknowledging a recession to avoid political fallout. Current economic data suggests we might already be in a recession, despite official statements to the contrary.
I believe in the Sahm Rule's data over public statements due to its historical reliability. Time will tell if this analysis is correct, but for now, I trust the indicator.
Thanks for the discussion!
Best,
Alex

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Ultratechman : I already figured they wouldn't cut them before election cuz things could get out of control but September is close enough. People are going to want to sell then switch positions and next day market goes the other direction forcing them to cut and follow new trend. this is how people lose money dumping their shares. up and down but then after it's all over the general direction will always be up. it could be a simple thing such as apple is too high bringing spy down everyone starts crying blood. plus I believe while market is in a correction fear driven bs gets pumped down our throats then next thing you know everything rallies again anyway where you were better off just holding original positions.

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Alex Wong Cian Yih OP Ultratechman : Hi Ultratechman,
Thanks for sharing your thoughts. I just wanted to give a friendly reminder to be cautious about being overly optimistic right now.
Recently, we've seen significant market volatility. On August 2, 2024, the Dow Jones dropped by 1,000 points, and Japan's Nikkei Index plummeted by 2,000 points, signaling a collective global market downturn. The triggers included disappointing ISM manufacturing PMI, poor U.S. job data, and an unexpected rise in the unemployment rate to 4.3%.
Although the Federal Reserve hinted at a possible rate cut in September, this was initially seen as a positive signal by Wall Street. However, the sudden market crash shortly after suggests underlying issues. Historically, when the Sahm Rule exceeds 0.5%, as it did recently (now at 0.53%), it has consistently indicated a recession, regardless of official statements.
Moreover, notable investors like Warren Buffett have significantly reduced their positions in major stocks like Apple and Bank of America, signaling potential concerns about the market's direction. This aligns with historical patterns where market crashes often follow periods of excessive optimism and denial of underlying economic issues.
Given these indicators and the upcoming U.S. elections, it’s plausible that official narratives might downplay the severity of the situation. Therefore, I believe it’s prudent to stay cautious and prepared for potential downturns.
Best,
Alex

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Ultratechman : he sold apple cuz he wanted to. it was high. Apple sucks anyway.. I know about the potential of a bearish September market idk why you're telling me this

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johnwesleyc

23 hours ago

$Invesco QQQ Trust (QQQ.US)$ Interesting how the next market crash coincides with war in the middle east. 🤔

OceansWave

Yesterday 13:38

Interesting sharing about the effects of rate cuts

watch the first 8mins of this video and listen to his past experience in market crash of 2000.. (click on the blue YouTube Link)
- YouTube
interestingly, in that year, 2 days before FOMC, the FED cut 0.5 for interest rate and then when FOMC kick in, another 0.5 was cut.. in a short span of 2days, a total of 1 full interest point was cut..
we might see the same and then the crash may happen..
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Fed steady, non-farm payrolls in focus: Rate cuts finally looming?

Edward 15

Yesterday 04:38

$Invesco QQQ Trust(QQQ.US)$
another good day in the bag 🙏🏿

73055714

Yesterday 04:16

$Invesco QQQ Trust(QQQ.US)$ the flatness after the options being so expensive ooof what a shit day for stranglers

PoneTech

Yesterday 04:04

To the long term traders

$Invesco QQQ Trust(QQQ.US)$ Imma be real, if you are a long term guy and not really a day trader you dont have to worry much… you dont lose unless you sell 💩

Gilley

Yesterday 02:04

$Invesco QQQ Trust(QQQ.US)$ just can't see much more down after today everything dropped for a second then nvda pumped hard and everything followed but markets still look bad idk how seeing the big boys are just gaining now

Chip stocks hit hard, intel's earnings disappoint: Still a good bet?

Gilley

Yesterday 01:32

$Invesco QQQ Trust(QQQ.US)$ whole reason markets didn't crash today is cause nvda which pumped on bad news and still not dropping for crap

Chip stocks hit hard, intel's earnings disappoint: Still a good bet?

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