David Moadel (@davidmoadel) header
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For informational purposes only. Not financial advice. I am not licensed to provide investment advice. Please consult a qualified financial advisor.

USA
Joined August 2013
Photo by David Moadel (@davidmoadel)Photo by David Moadel (@davidmoadel)Photo by David Moadel (@davidmoadel)Photo by David Moadel (@davidmoadel)
David Moadel retweeted
This has now triggered. Bulls, this is all you get to hang your hat on this weekend. Savor the fuck out of it.
Fine. Something for the bulls. QQQ has a chance to drop -3% on a Friday the day after it closed within 6% of all time highs. And would you like to see how QQQ did after those previous events? I thought so. **Remember, this doesn't trigger unless QQQ closes down -3% today.**
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On days like today, it's important to zoom out. No, the AI Revolution is not "over," and the market is not "going to zero." In fact, the Nasdaq 100 is up +11% YTD and nearly +70% since its April 2025 low. Meanwhile, the S&P 500 is currently set to post a blended earnings +30.2% growth rate for Q3 2026. This puts us on track for the third-straight quarter of earnings growth above 25%. And, even after the biggest hack in crypto history, Bitcoin is down less than -5% this week. Disruptive technologies like AI will inevitably bring heightened volatility, polarized positioning, and extreme swings in market sentiment. However, do not let short-term volatility overshadow the broader picture. We are in the midst of the biggest technological revolution in history. Technical corrections are healthy, necessary, and an inevitable part of every bull market. Do not lose sight of the bigger picture.
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This could be the worst last day of the month in October since 2009 when it fell 2.81%. That was also a Friday. Gained six days in a row after that, fell 0.01%, and then up another day.
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