The Nasdaq Rally “Whale”

Weekly Update

The Nasdaq Rally “Whale”


Published September 11, 2020

The recent stock market pullback has thus far basically reversed the August surge. Our focused Nasdaq 100 (QQQ) dropped to its 50-day moving average for the first time since the rally began in April. The rally in August (blue arrow below) has been, in part, attributed to a multi-billion $ options bet made by tech investor Softbank. (more…)