FA
FED is going to pump Monday Pre-market.
70~80% will be on big corporation stocks, aka Bailouts or QE. They also heavily involved in foreign market exchanges by creating more liquidity (printing more money).
However, things will be in the same pattern, as their attempts are temporary. Evidence is 2008, after injecting lots of cash into the market, it went up, then proceeded to the unavoidable crash.
Still, this crash is small. There will be a bounce as FOMO people are looking for a buy.
-Good news: none. Basically, they are all about politics. Trump is only trying to please his voters, all good news is all questionable.
-More earnings are coming. Investors might have to think about what they're buying.
-Tech stock earnings will be released ( a drop as expected).
-P/E levels for NASDAQ stocks are extremely high. Be aware.
TA
FOMO in tech stocks has created a higher buying volume than usual- Overbought. We are looking at 8880 to 9000 level will become the final stop for this. More people will take profits at this point.
61.8% retracement is due. Any marginal movements are the result of FOMO.
Bottom line: Short in NASDAQ.
Good luck. Thank you.
FED is going to pump Monday Pre-market.
70~80% will be on big corporation stocks, aka Bailouts or QE. They also heavily involved in foreign market exchanges by creating more liquidity (printing more money).
However, things will be in the same pattern, as their attempts are temporary. Evidence is 2008, after injecting lots of cash into the market, it went up, then proceeded to the unavoidable crash.
Still, this crash is small. There will be a bounce as FOMO people are looking for a buy.
-Good news: none. Basically, they are all about politics. Trump is only trying to please his voters, all good news is all questionable.
-More earnings are coming. Investors might have to think about what they're buying.
-Tech stock earnings will be released ( a drop as expected).
-P/E levels for NASDAQ stocks are extremely high. Be aware.
TA
FOMO in tech stocks has created a higher buying volume than usual- Overbought. We are looking at 8880 to 9000 level will become the final stop for this. More people will take profits at this point.
61.8% retracement is due. Any marginal movements are the result of FOMO.
Bottom line: Short in NASDAQ.
Good luck. Thank you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.