charttrader
Short

Is it a good timing to short NASDAQ?

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
149 1 10
Market often gives the second chance so we have that case with Nasdaq 100 now.
Index was turbo-shortsqueezed and returned to its highs.
At the same time all popular comoanies reported bad or very bad ( NFLX             , AMZN             , FB             , TWTR             etc).
Yes the index is outweighted by AAPL             , where businness still going for strong but its more an exception.
Many blue chips have reported badly — Cocal Cola, IBM             , McDonalds             etc.
In average we see growth in reports pumped mostly by buybacks but for a long term these buybacks at these prices will be value destructive.
feels right to me...lotta supply and no demand at these levels....will need one more flush out to question santa rally and then look for resumption of the uptrend
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out