Strategy Update (2024-01-30)

Accumulation continues on tech stocks pushing QQQ/TQQQ higher and keeping the strategy on a green signal.

Alpha Signals strategy remains on a green signal
Alpha Signals strategy remains on a green signal

As the QQQ ETF continues to trend higher so does the leveraged version TQQQ. There are no sellers in sight in this market and no reason to fight the trend.

The earnings results of tech stocks has been strong with SMCI up 10% in after-hours.
Nothing goes straight up or up forever so a pull-back will happen at some point.
As usual, we don't need to anticipate, will keep watching and waiting for the market to show that it wants to stop going up.