THIS PATTERN SHOWS THAT THERE IS RISK IN THIS BULLISH MARKET $QQQ $FB $AMZN $AAPL $GOOG $NFLX $TLRY $CGC $GOOGL
The U.S. stock market is being increasingly controlled by the momo (momentum) crowd, and nothing else seems to matter. Prudent investors should not become complacent and stay alert to a chart reversal. Let’s examine the chart. Please click here for an annotated chart of the Nasdaq 100 ETF QQQ. This ETF is dominated by popular stocks such as Facebook FB, Amazon AMZN, Apple AAPL, Alphabet GOOG, GOOGL, and Netflix NFLX. Please note the following from the chart: • QQQ broke out on good earnings. This is considered positive. • The chart shows that QQQ went higher after a gap-up opening,