$SPDR S&P 500 ETF Trust(SPY)$ Short term, Q's looked better recently, but SPY holding and closing above 760 was huge. Leaning towards a push back towards 773/774. No telling from there. If we push and fail, my guess is it would fail at 762/763 or 765/766.
$Invesco QQQ(QQQ)$ DraftKings is my favorite stock, and I'm buying more today. Instead of just being a degenerate gambler, I'd rather invest in great companies.
$Invesco QQQ(QQQ)$ Held 700 right to the dot. Stocks above the 40ma are almost near April lows. I wouldn't get too bearish here. The real move starts after Quad witching next week.
$SPDR S&P 500 ETF Trust(SPY)$ Iran essentially gave in this morning, and Trump said the US would get a good portion of their oil. After what this conflict has cost, that seems like a positive outcome. It is hard to see anyone getting the better of Trump, especially with the way things appear to be aligning for him.
$SPDR S&P 500 ETF Trust(SPY)$ Bears shouldn't celebrate too early. There's a good chance this thing ends up green. If you assume it's going to be a huge red day, it probably won't be. The big players are watching, and they can make things painful for shorts.
$Invesco QQQ(QQQ)$ Worried about high 10Y yields and WTI oil prices? From 1971 to 2002, when the 10Y yield stayed above 5% and peaked around 16%, the S&P 500 still climbed 762%. And from 2007 onward, through years where WTI oil traded above $80, the S&P 500 gained 666% with dividends reinvested. Sure, there can be short-term pullbacks when yields and oil spike, but over the long run the S&P 500 has kept finding ways to rally through every major crisis: the 1973-1974 oil crisis and stagflation, the 1987 Black Monday crash, the early 1990s recession and Gulf War, the dot-com bust, the 2008 global financial crisis, the 2011 debt ceiling and eurozone turmoil, the 2020 COVID crash, and the 2022 inflation surge with Fed tightening.
$SPDR S&P 500 ETF Trust(SPY)$ Oil prices are moving in a notable way, and it feels like Trump TACOs could soon hit 100%. The situation is tightening. I'm saying this because I'm holding oil puts.
$Grab Holdings(GRAB)$ is available at less than 9x FY2027 adjusted FCF and under 6x adjusted EBITDA, while revenue is projected to grow more than 20% and both adjusted EBITDA and FCF more than 50%. The market is not efficient. Honestly, what is going on? lol $SPDR S&P 500 ETF Trust(SPY)$
$Invesco QQQ(QQQ)$ It seems clear now that bears are going to get burned and September may not turn out so bad after all. The market is doing the opposite of what you would expect with rising rates, rising oil and gas prices, inflation likely to tick upward again, the Fed set to raise rates, and an election coming up. The market is basically saying it doesn't care, it's heading higher.