June 29, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Best First Half Ever

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

• The trendline on the chart shows that the rip-roaring AI rally has slowed and QQQ has stopped its rapid ascent.
• RSI on the chart shows that the overbought condition has been relieved.  Now, the stock market can go either way.
• Nasdaq was started in 1971.  Nasdaq is set to finish the best first half of the year ever.
• The gain in Nasdaq is driven by the AI frenzy.