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October 25, 2024

WILL TESLA’S GIANT MOVE HELP NASDAQ BREAK OUT?

By Nigam Arora & Dr. Natasha Arora

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

Nasdaq Breakout?

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

Note the following:

  • The chart shows QQQ is in the resistance zone.
  • The chart shows that QQQ moved up on giant Tesla (TSLA) earnings.  Please see yesterday’s Morning Capsule for details on Tesla earnings.  After earnings, Tesla added a giant gain of $150B to its market capitalization.
  • Bulls are hoping that giant Tesla earnings combined with a potential short squeeze today will cause QQQ to breakout above the resistance zone.
… Please click here or the title below to read more.
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