25Jun10:45 amEST

Have to Stay Focused Here

The opening dip in the Nasdaq-100's ETF, QQQ, was bought fairly quickly on the open under $242.

As we noted earlier this week both here and with Members, $242 seems to be a high stakes battleground during the current market battle, as bears still need to prove they can hold below it in order to make some more meaningful progress beyond any sort of end of month/end of quarter mild dip. 

On the updated QQQ hourly chart, below, the arrows point to this morning's ephemeral dip, quickly gobbled up. At issue now, of course, is whether bulls sustain upside or if we simply drift back down today. Should bulls prevail again, an internet security play like NET seems to be setting back up on the long side, among others. Those will have my attention especially as select virus plays cool off this morning, such as MRNA. 

Stock Market Recap 06/24/20 ... Stock Market Recap 06/25/20 ...

 
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