The daily NASDAQ hasn't fallen below the 900d MA since the Great Recession.
Leading up to the Great Recession, there were 2 traps on the NASDAQ (one pushed the 0.38 fib and the other pushed the 0.5). When the second trap hit the 0.5 fib level, the NASDAQ crashed. In other words, it bounced off the 900d twice before capitulation set in. The current market saw the...
Chart displays the US inflation rate and US unemployment rate. Red zones mark recessions (from stlouisfed.org).
6/8 of the past recessions are lead by inflation rates surpassing 5%. Only the dotcom recession had an inflation rate below 5%, and the other was COVID, which we are experiencing the resulting inflation currently.
so, every time the inflation rate...
NASDAQ:AMD
The chart:
The bearish downtrend is obvious, as AMD has been trading within this descending channel since peaking back in late Nov. 2021. The price has rebounded since entering the purple area, which marks a strong support zone from back in mid 2020 to mid 2021. Also, note how the stock has seen recent movement around the orange support line, which I...
pretty clear trend here for Netflix broken up by 86-87 day periods...
take into account subscriber loss, competition, inflation, current market conditions/look ahead, etc....
where will we go? idk ask Joe.
NASDAQ:NFLX
