NASDAQ undervalued, still in strong LT bull market
Updated
What's up TV friends, a lot of people talking about cashing in on equities - however, even though it seems like they are expensive, a long term view of the market shows that we're still at the bottom end of a long term channel. We've seen extremely overvalued, extremely undervalued and we're definitely neither at this point. I'm expecting a strong finish to this bull. Probably 2035 before end of equity run and a switch to commodities. More on this later. Of course anything is possible, but for now the trend is our friend.
Note
We are now sitting on the bottom of this channel. The overall stock market looks like it may rally up to the 200DMA. Keep an eye on the 200DMA, if we bounce off of it and head back down we are most likely heading into a bear market. However, if we push through it to the upside we may resume the bull market until further notice.
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