Trading Strategies

The Best Way to Play the Tech Stock Boom

By Shah Gilani, Chief Investment Strategist, Money Morning • Tuesday, May 30, 2023

There's a saying among traders: "The trend is your friend."

Anyone watching trends right now can't help but notice the meteoric rise of Nvidia Corporation (NVDA), still making gains from last week after an earnings report that soared past expectations. Their good fortunes have acted as a catalyst to drive up the entire Nasdaq-100, and to a lot of investors, it's looking like a good time to get in.

I think you should join them, but to get the best bang for your buck, it's not as simple as just piling in on NVDA, or even on the Invesco QQQ Trust Series 1 (QQQ), which is probably the most popular ETF that tracks the Nasdaq-100 index.

Because here's the thing: we don't know if NVDA is going to keep its momentum or if it's going to plateau. And even if the broader market picks up, volume is going to shift to the stocks that haven't been participating in the rally so far, and the stocks that everyone's been chasing could go sideways.

So here's what to do about it... Full Story »

Momentum Is Negative - Here Are Three Wealth Strategies to Employ Right Away

Dear Fellow Trader, As you know, we have made some significant changes at Money Map Press. Our goal is to return to the ethos of making investing profitable. Naturally, that changes my tone slightly regarding what I want to focus on here at Midday Momentum. But it's not the end of trading within this … Full Story »

Penny Stocks

This Market Is Running on Fumes

If you need a laugh for a second, the current situation surrounding the debt ceiling reminds me of a Seinfeld episode. Remember the episode when Kramer test drives the Saab to find out how far he can go on an empty tank of gas? That's what's going on with the market right now. When it … Full Story »