Technical analysis on a week where SPY and QQQ closed at lifetime highs and the stock market just kept feeding on itself. How to trade a relentless bull market when your short book is still largely intact is the real question here.
Tim Knight walks through DIA, SPY, QQQ, Apple's shooting star, Intel's comeback, EFA, FXI, crude oil's red bars, XOP and XLE energy shorts, GDX gold miners continuing to slip, and the Bitcoin short trimmed by 50% as it acts stronger than expected. A clean weekly wrap before the weekend.
Helpful links:
tastylive:
tastylive.com
FREE tasytlive Newsletters:
info.tastylive.com/newsletters
FREE Options Strategy Guide:
tinyurl.com/bp9ms763
Follow tastylive on X (Twitter):
x.com/tastyliveshow
CHAPTERS:
02:50 DIA - Only Index Not at Lifetime Highs
03:14 SPY Lifetime High - Shooting Star to Watch
03:48 Apple Up 3% - Bigger Shooting Star on Close
04:21 QQQ Lifetime High - Up 20-25% in One Month
05:36 Intel: From Has-Been to Supe...