$Advanced Micro Devices(AMD)$ Looking pretty good here. It's a healthy pullback after breaking out of the bullish channel, kind of like filling the gap from yesterday's jump. Volume was also way lower than yesterday's and obviously below the average daily volume. I'd be concerned if volume spiked, but this just looks like a low-volume price dip. I'm not inclined to go short as long as price stays above the 50-day SMA.
$Invesco QQQ(QQQ)$ looks set to remain supported above the June 10 low and resume the rally toward fresh all-time highs. As long as that pivot holds, the bullish structure stays intact and dips should remain corrective.
$Invesco QQQ(QQQ)$ It continues to stretch above the 20-day moving average, with multiple gap structures similar to prior three-year expansion phases. Momentum trend remains firmly intact, and price discovery is pointing toward a new all-time high. The real question here is not direction, but duration: how much fuel is left before we see the next double-digit correction? Until then, dips into the trend remain buyable, but risk is quietly building beneath the surface.
The Bank of Japan is widely expected to announce its interest rate hike on June 16. Looking back at the 2024 tightening cycle, $Invesco QQQ(QQQ)$ established a structural bottom just three days after the decision, before starting a significant rally for the rest of the year. If macroeconomic policy changes spark more volatility this week, any near-term turbulence could just be a healthy technical flush, offering a solid buying opportunity.
$Space Exploration Technologies(SPCX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ This is absolutely insane. Retail orders alone have now drawn over $70 billion for the SpaceX IPO. SpaceX is raising $75 billion, meaning retail interest by itself is nearly enough to cover the entire offering. To put this in perspective, the previous record IPO was Saudi Aramco in 2020 at $29.4 billion. That means retail interest in SpaceX is now 2.4 times larger than the total raised in the largest IPO in history. As a result, SpaceX has announced that 20% of their IPO will be allocated to retail investors, following through o
$SPDR S&P 500 ETF Trust(SPY)$ This rally should last until the SpaceX IPO. They need to get everything as polished as possible to push that behemoth through and maximize the price action. $Invesco QQQ(QQQ)$