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5 Ways to Beat the Fed (and Crush Inflation)
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Trading Strategies

The Best Way to Play the Tech Stock Boom

  • By Shah Gilani, Chief Investment Strategist, Money Morning   •   Tuesday, May 30, 2023
Author Image for Shah GilaniShah Gilani

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 »

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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 »

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Strong Housing Market, AI Rally and Sticky Inflation

Stocks lost steam on Tuesday after a rally driven by the artificial-intelligence hype drove the market to its highest since August 2022.During the day Nvidia (NVDA) briefly joined the trillion-dollar club, only to fall back to its lows of the day.Hard to say if the AI driven rally is over, but buying Nvidia at $400, might be a tough pill to swallow for many, including Chris Johnson as he shared yesterday. Read more... »

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