Posted by timebandit on 11th of Jul 2020 at 09:27 am
It's no secret that breadth in the Nasdaq index is sick, as
these charts of the $BPCOMPQ and cumulative NAMO indicate. We
know a handful of stocks are keeping it aloft. The million dollar
question is how long will it last? Maybe, as Matt says, the index
can push higher, enabling his $NASI chart (and the NAMO here) to
make a divergent high. That might enable the market to catch the
most of us sleeping when the rug is pulled out. I really can't say.
These are not timing charts, just health indicators.
It's no secret that breadth
Posted by timebandit on 11th of Jul 2020 at 09:27 am
It's no secret that breadth in the Nasdaq index is sick, as these charts of the $BPCOMPQ and cumulative NAMO indicate. We know a handful of stocks are keeping it aloft. The million dollar question is how long will it last? Maybe, as Matt says, the index can push higher, enabling his $NASI chart (and the NAMO here) to make a divergent high. That might enable the market to catch the most of us sleeping when the rug is pulled out. I really can't say. These are not timing charts, just health indicators.
One push away from a
Posted by ssaffer on 11th of Jul 2020 at 02:16 pm
One push away from a massive heart attack. The easy money has been made for now. High risk/reward with Nasdaq.