7/14 bi-weekly signal

This week's trading signals indicate significant shifts for several stocks between July 10 and July 11, 2024:

1. AAPL (Apple)

• July 10: Buy signal with a BuyScore of 0.8

• July 11: Sell signal with a BuyScore of 0.6

1. AMD (Advanced Micro Devices)

• Maintained a buy signal with a BuyScore of 0.8 on both days.

1. AMZN (Amazon)

• July 10: Sell signal with a BuyScore of 0.6

• July 11: Sell signal with a BuyScore of 0.2

1. META (Meta Platforms)

• July 10: Buy signal with a BuyScore of 0.8

• July 11: Sell signal with a BuyScore of 0.3

1. MSFT (Microsoft)

• July 10: Buy signal with a BuyScore of 0.8

• July 11: Sell signal with a BuyScore of 0.2

1. NVDA (Nvidia)

• July 10: Sell signal with a BuyScore of 0.6

• July 11: Sell signal with a BuyScore of 0.2

1. TSLA (Tesla)

• July 10: Buy signal with a BuyScore of 0.9

• July 11: Sell signal with a BuyScore of 0.3

1. MU (Micron Technology)

• July 10: Sell signal with a BuyScore of 0.2

• July 11: Buy signal with a BuyScore of 0.8

1. QQQ (Invesco QQQ Trust)

• July 10: Buy signal with a BuyScore of 0.8

• July 11: Sell signal with a BuyScore of 0.3

Potential Reasons for QQQ's Downturn

The recent downturn in QQQ can be attributed to a few factors:

1. Market Volatility and Overvaluation Concerns: The QQQ has been trading at a significant premium compared to its historical average. The current market conditions, combined with concerns about overvaluation, have likely contributed to the downturn. Investors might be adjusting their positions to mitigate potential risks associated with this premium valuation​ (MarketChameleon.com)​​ (FinViz)​.

2. Earnings Season Adjustments: As companies report their quarterly earnings, there can be significant fluctuations in stock prices. The adjustments based on earnings reports and future guidance can lead to changes in investor sentiment, affecting ETFs like QQQ that are heavily weighted in tech stocks​ (MarketChameleon.com)​.

3. Interest Rate Expectations: Changes in expectations regarding interest rate hikes by the Federal Reserve can impact tech-heavy ETFs. Higher interest rates generally lead to a reevaluation of growth stocks, which can negatively impact QQQ's performance​ (TipRanks)​.

Overall, the combination of market volatility, overvaluation concerns, earnings adjustments, and interest rate expectations likely contribute to the recent performance of QQQ.