I am so impressed that the Nasdaq-100 is up over 30% heading into the holiday months. Also, there are so many headwinds blowing at it. I don't anyone saw this happening! Most people I know are bearish.
A very smart investor I know says "Pessimists sound smart, but optimists make money."
Whether it's rising rates or volatile tweets, it appears to be a challenging year, and yet, the Nasdaq-100 has defied the odds. It's surprised many.
Can it continue?
I've added a simple trend line that I'm watching in tech, a chart of
QQQ, and some arrows to showcase the validity of this trend line.
Rejection after rejection.
Lower high after lower high.
There seems to be supply above.
Thus, I have to ask: Will something give? Or will it breakout again? I'll use this trend line as my guide going forward.
I currently am long some tech, but also being a bit cautious with the headwinds our there. Let's see what happens next.
A very smart investor I know says "Pessimists sound smart, but optimists make money."
Whether it's rising rates or volatile tweets, it appears to be a challenging year, and yet, the Nasdaq-100 has defied the odds. It's surprised many.
Can it continue?
I've added a simple trend line that I'm watching in tech, a chart of
QQQ, and some arrows to showcase the validity of this trend line.Rejection after rejection.
Lower high after lower high.
There seems to be supply above.
Thus, I have to ask: Will something give? Or will it breakout again? I'll use this trend line as my guide going forward.
I currently am long some tech, but also being a bit cautious with the headwinds our there. Let's see what happens next.
Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.