Fundamentals that Peter Lynch focuses when picking stocks on and a ChatGPT prompts to make you a better trader/investor - plus I added big in to a stock yesterday
I will cover an analysis of the QQQ / VOO charts, go over why I bought big in to a stock and an educational portion based on Peter Lynch's buying style.
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Weekly Analysis of QQQ and VOO
I posted yesterday that most likely QQQ would wind up with an inside weekly candle that didn’t have confirmation and that’s exactly where we ended the week.
Not surprisingly the VOO chart is almost exactly the same
When looking at the % total return of each index during this time, you’ll see QQQ outperformed VOO from Oct until now and they are in line with the pullback and then slight recovery recently as well.
My Take
I am still cautious. Yes I’ve done some major buys around this time, but I’ve said they are longer term. I think we may have more downside, but I do see long term that we are up. I said it on 4/19 when QQQ was trading around $420 - I think we end the year higher than $420 (maybe I was on an edible that day).
I made a big buy yesterday - why did I buy on Friday?
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