It always feels a bit sad after the holidays, in spite of all the work and obligation that tags along with them. As with just about everything else in my life, I included this sentiment in my book…….
That last bit is probably the counterbalance to the holiday lights reference. That is to say, I could probably use some more Mishka in my life, since I’ve never witnessed, not even in other puppies, so much boundless and unrestrained joy. What a cutie-pie.
As for the not-as-cute markets, equities are flat-to-a-little-down just before the open, with the /NQ continuing to hammer out what could be a right triangle top, so long as it obeys that red resistance line and, ultimately, cuts under support shown in green.
Perhaps due to America’s newfound and gee-didn’t-he-promise-something-else imperialist adventurism, volatility is tiptoeing its way out of Jeffrey Epstein levels.
Precious metals continue their “Hey, who can we invade next??” excitement, although I daresay this is probably just about as far as gold goes this go-around.
And with the markets at absolutely kooky levels still, the only IPOs being trotted out are the type that would have made good inclusions in a book such as Extraordinary Popular Delusions.
What’s key is that the QQQ don’t violate the price gap. It’s a medium-important resistance level, but we’re still so early in the trading year that the bullish fumes from 2025 are still very much in the air, and most traders want to see a “break” to the upside, which so far has not transpired.
