Part 3/7:
Today's activities illustrate a "risk-on" scenario where mega-cap tech stocks are outperforming other sectors, reflecting speculative behavior among investors. The tech sector, particularly the "Magnificent Seven," is managing to buoy overall market performance, pushing indices like the NASDAQ Composite to breach predefined expected price movements for December already.
However, while the Qs (NASDAQ-100) have shown a robust performance, it is essential to note that such rapid advancements may lead to market corrections as consolidation becomes necessary to digest recent gains. A potential price target has been identified around the 550 mark for the Qs should bullish momentum persist.