Wednesday, October 21, 2020

The NASDAQ tail wagging the market dog

Mid-week market update: One of the key indicators I have been monitoring for the health of the market is the NASDAQ 100 (NDX), which is a proxy for large-cap technology stocks. So far, the NDX has been testing an important rising relative uptrend.

If the relative uptrend were to decisively break down, it would spell trouble for the overall market.

The full post can be found here.

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