Hi, I love using ratios. Great tool to explore if something is overvalued or undervalued. All know what QQQ is. NDTH is Nasdaq stocks percent that are above 200 day average QQQ/NDTH shows you if market is excited or scared. At the moment people are FOMOing which is never a good sign. I will act as per diagonal line. Will update when this is above 18. Thats...
The NDTH is a chart of the percentage of Nasdaq 100 stocks that are above their 200-day moving average. This chart, although looks like driven by fundamentals - has created perfect tops and bottoms to be able to chart it. We have re-touched the bottom on the midterm and value is still withing this descending channel - but all looks like in favor of some relief by...
NASDAQ 100 KISSED 50% LAST WEEK, BUT REMAINS LOWER TO CLOSE THE WEEK.