Of the three major indexes--DOW, NASDAQ and the S&P 500, only the NASDAQ is running on thin air.
What do I mean by running on thin air?
The NASDAQ should be leading the market higher in classic sector rotation theory. The NASDAQ, and specifically tech stocks, is always the first sector to lead coming out of a bear market.
So far the NASDAQ is the only index to push beyond the Fibonacci 50% retracement level. Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level.
Many institutional traders are looking at the NASDAQ’s Fibonacci 50% retracement level as a key pivot point for what the market will do for the rest of the year.
While not all the pieces are in place to go short or get out of long positions, one of the first clues is being put in place today by the Japanese candlestick charts.
In my new video, I share with you the NASDAQ retracement levels, as well as one of the key components that could lead to a potential reversal to the downside.
Do not be caught off guard. This is a short video you need to watch.
Of the three major indexes--DOW, NASDAQ and the S&P 500, only the NASDAQ is running on thin air.
What do I mean by running on thin air?
The NASDAQ should be leading the market higher in classic sector rotation theory. The NASDAQ, and specifically tech stocks, is always the first sector to lead coming out of a bear market.
So far the NASDAQ is the only index to push beyond the Fibonacci 50% retracement level. Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level.
Many institutional traders are looking at the NASDAQ’s Fibonacci 50% retracement level as a key pivot point for what the market will do for the rest of the year.
While not all the pieces are in place to go short or get out of long positions, one of the first clues is being put in place today by the Japanese candlestick charts.
In my new video, I share with you the NASDAQ retracement levels, as well as one of the key components that could lead to a potential reversal to the downside.
Do not be caught off guard. This is a short video you need to watch.
Of the three major indexes--DOW, NASDAQ and the S&P 500, only the NASDAQ is running on thin air.
What do I mean by running on thin air?
The NASDAQ should be leading the market higher in classic sector rotation theory. The NASDAQ, and specifically tech stocks, is always the first sector to lead coming out of a bear market.
So far the NASDAQ is the only index to push beyond the Fibonacci 50% retracement level. Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level.
Many institutional traders are looking at the NASDAQ’s Fibonacci 50% retracement level as a key pivot point for what the market will do for the rest of the year.
While not all the pieces are in place to go short or get out of long positions, one of the first clues is being put in place today by the Japanese candlestick charts.
In my new video, I share with you the NASDAQ retracement levels, as well as one of the key components that could lead to a potential reversal to the downside.
Do not be caught off guard. This is a short video you need to watch.
Copyright 2009-2011 GuerillaStockTrading.com All rights reserved. No part or article on this website may be copied or duplicated without written consent from GuerillaStockTrading.com and Confab Publishing. Disclaimer: This Web site is designed to provide accurate and authoritative information on the subject of personal finances. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services by providing this Web site. The authors and publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated. This blog is for information and entertainment purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities or any other type of investment instruments. See a licensed broker for investment advice.
Guerilla Stock Trading University