After last week's 4.8% gain in the Invesco QQQ Trust and gains of 2.5% in the SPDR S&P 500 ETF and iShares Russell 2000 ETF , it feels like we've entered the stage of the rally where anyone managing money professionally feels obligated to hold their nose and buy something. This month, stocks such as Nvidia and Tesla are up 40% to 45%. Today, both stocks have 14-period Relative Strength Index readings between 87 and 91.75. Read More...
After last week’s 4.8% gain in the Invesco QQQ Trust and gains of 2.5% in the SPDR S&P 500 ETF and iShares Russell 2000 ETF , it feels like we’ve entered the stage of the rally where anyone managing money professionally feels obligated to hold their nose and buy something. This month, stocks such as Nvidia and Tesla are up 40% to 45%. Today, both stocks have 14-period Relative Strength Index readings between 87 and 91.75.
