Well, the buyers are back and the QQQ’s are clearly leading the way. With tech moving and cloud names just launching like a Space X rocket ship these days, if you weren’t in near the start it is too late. That is the problem now, but a very good problem to have. The COMP leading the way only helps push the markets up higher and faster. Greater rewards in a shorter amount of time. Yet, we still have the tariff news to deal with. Any tweet can send the markets back down or did everyone forgot the month of May already. Yes, the FOMC is giving guidance to a potential rate cut and the markets are trading like we are in a ZIRP environment. However, we are not adopting a ZIRP policy and we still have a trade war going on. Don’t chase after the names, be patient for the opportunity. It will be coming soon enough.

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp / swing trading. A patient educator, Charles excels at coaching/mentoring and can making complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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