NVIDIA$Invesco QQQ Trust(QQQ.US)
Mid-January, my view on QQQ is neutral.
The longer-term trend remains constructive, but short term the market is turning more tactical as volatility starts to return.
With key jobs data ahead, QQQ near 613 could easily see a pullback toward 605 or 600 if volatility expands. If data comes in weaker and rate cut expectations rise, a move back toward 637 is still on the table.
VIX remains near the lows and is approaching a window where volatility historically tends to pick up. Because of that, I am not in a rush to chase price here. I am staying flexible and patient, focusing on positioning rather than momentum.
This is not a week to force trades.
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