charttrader
Short

Is it a good timing to short NASDAQ?

NASDAQ:QQQ   POWERSHARES QQQ TRUST
148 1 9
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
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out