If you can’t laugh at least a little on days like last Thursday, I can say this: It’s healthier than getting frustrated. I’m a risk manager, and that makes wild downward reversal days exciting for me. It also means I occasionally leave money on the table in up markets. So for me, Thursday’s laugh was when trading interrupted an article I started writing shortly after the market opened. The title: More News from Barchart Nvidia’s big day rallies QQQ, but for how long? What the charts are telling me to do. ...

Group 1 - The 2025 outlook highlights major risks facing the bull market and potential drivers for new highs [1] - The Invesco Nasdaq 100 ETF (QQQ) has shown significant performance, with nearly 30% gain in the past 12 months, contributing to the S&P 500's success [3] - There is a potential for QQQ to rise another 30%, reminiscent of the dot-com bubble era, driven by a hyper-focus on AI stocks [4] Group 2 - The market's current performance is heavily reliant on QQQ, while other stocks in the S&P 500 are lagging behind [5] - The concentration of wealth among the largest stocks has increased, with smaller caps facing challenges due to "debt cliffs" [6] - The outlook suggests that while QQQ may continue to rise, it could eventually roll over, impacting the broader market [7]