Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Bullish Posture Towards Q's

Let's notice that the Nasdaq 100 Trust Shares (Nasdaq: QQQQ) are trading near the mid-point of the range between 3/14 and 3/22, which leaves us in the middle of no where. That said, the larger pattern from the March lows remains relatively constructive, which makes me defer to a bullish posture (upside resolution) for now. However, if the Persian Gulf situation worsens because of a full-blown confrontation, and the Qs violate support at 43.23/10, then the Qs likely will press towards another test of the March lows near 42.
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!