The Nasdaq Squeeze Is About As Bullish As It Gets

2026-10-06 / John Carter

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The S&P 500 gapped to new all-time highs and held it all day, but from the open to the close it moved only 10 points. I call these professional days, and I explain what they mean for where we go next. Then I step back to the bigger charts on the Nasdaq, Micron, Tesla, Meta and Microsoft.

If you want to trade earnings gaps instead of watching them, my colleague Allison Ostrander is teaching her gap trade live in a free webinar this Wednesday, October 7 at 6 PM CT. Save your spot here.

John Carter

John Carter’s father was a Morgan Stanley stock broker. One day during high school, John came home from the mall where he was working at a store making cookies. He had saved up $1,000 over the course of a few months and his dad told him that he and some of his friends were going to buy “some call options on Intel” the next day. With his father’s direction, he bought 10 call options at $0.75, and sold them a few days later for $1.50, doubling his money. He was hooked and has been trading ever since—going on 25+ years now.