Very interesting 2 weeks, but I think the next week might be even more so.
As you’ve read in our last post we’ve been sitting on the side lines for the past 2 weeks. The main reason being that we were unsure where the market was headed — Up or Down.
We may and I emphasize may have caught a break. On Friday, amid not so horrible jobless data, the QQQQ’s went up 2.5%. Now that doesn’t sound like a lot until you realize that it’s been a while since we saw this type of up tick. And this wasn’t just the QQQQ’s — Nasdaq, DJIA, S&P and alot of stocks went up quite a bit.
So What’s Next?
The QQQQ’s have been bouncing back forth between a specific price range, but if the QQQQ can break past $41 then it looks like we may been in for a rally. And if this turns out to be the case then this might give us some really good gains.
4r5kdhpfxu
In the meantime enjoy the Labor Day Weekend and here’s to a great Tuesday opening.
