NDTW: NASDAQ100 Above 20D Average. Frightening
Well, the basic NASDAQ is what it is. But on a bigger picture and scale, NAsdaq 100 Above 20 day Average is a very good indicator of the trend.
Bare in mind that the growth rate of US was -1% for 1Q2014... And this despite a low USD, favorable for export, number of jobless decreased, Shell-gas production increased.......
Therefore, the trend is really worrying if not frightening.....
May be the market think that facing this divergent expectations and data, FED would continue with a 4th QE program i.e put an end to the tappering.....
But until when? Why how? How much? None of these questions can find any short term answer....
Bare in mind that the growth rate of US was -1% for 1Q2014... And this despite a low USD, favorable for export, number of jobless decreased, Shell-gas production increased.......
Therefore, the trend is really worrying if not frightening.....
May be the market think that facing this divergent expectations and data, FED would continue with a 4th QE program i.e put an end to the tappering.....
But until when? Why how? How much? None of these questions can find any short term answer....