The NASDAQ-100 (INDEXNASDAQ:NDX) continues to climb but if you look closer under the hood – momentum levels are all declining.
Meaning: Fewer and fewer stocks are causing the market to increase. This fact misleads the market and can only continue for so long until ultimately the broad market will take back control.
Add this to president Trump’s income tax release, plus an election year, being deep into the summer cycle, the worst earnings reports are almost due and volatility is still 3 times the historical average…
Everything is pointing to a cool off in the stock market.
But we’re not all bearish… watch the full interview demonstrating strategies traders can use to lower risk and increase profits from the market volatility.
I’ll give you a short summary – a TLDR (too long; didn’t read) as the kids are saying nowadays:
Happy Trading!
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[…] July 10, 2020 Kimberly Rogers-Brown Stock Market, US & GLOBAL ECONOMY Link to original article […]
[…] Meaning: Fewer and fewer stocks are causing the market to increase. This fact misleads the market and can only continue for so long until ultimately the … Source link […]