liberatedstocktrader
Short

Dear Tech Stocks - You Are Causing Me Alarm

NASDAQ:NDX   Nasdaq 100 Index
Out of the major indices, the Nasdaq 100 is the first to kick of the Bear Market Signal I use in my system.

As you can see the signal is not 100% perfect, there were 3 false alarms since 2007, although they were at points where the market could have gone south.

Looking at the Ichimoku Cloud , which I personally like as an indicator, the index has not passed through the bottom (yet) so there is some hope there.

Overall, we could be heading for a disaster. As the next major support level under here is 2015 @ 4750.

But with the Fed getting dovish and to be honest company earnings are still great with unemployment at a low, I believe this too shall pass.

But it is a percentage game of risk right now and it is 50/50. Is that a risk you want to take?

The last crash was a complete systemic failure. I do not see that happening yet.

Although my good friend @the_unwind reminds us that robotic algorithms are responsible for 80% of all volume on the US markets.
What money are they using?

Borrowed money.


If the market does crash hard it could be 1929 all over again.... all the Algo Trading on borrowed and leveraged money.

Sound familiar.

Anyway, enjoy your day
Oh say it ain't so Barry.
Robotic Algorithms Machine Driven Money
using BORROWED money as in MARGIN...?
Can anybody read the handwriting on the wall here ?

Excellent Piece on Nasdaq 100, and tech stocks Barry.
On par with your usual substantial illumination.
Bust in Nasdaq Stocks occured first, on Parabolic Breakdowns
in the FANG BUBBLE STOCKS> Books shall be written that are must reads.
The unwinding..so to speak, is probably just ..beginning.

1929 all over again..now THERE's a thought. BOOM. FOLLOWED BY BUST.
How fitting, and an excellent way to end the book.

THE_UNWIND
NEW YORK
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out