Global stock markets and U.S. futures are mixed this morning following big tech’s major sell-off, as the Nasdaq 100 breaks below its 50-day moving average.
And it shouldn’t be any surprise that this sell-off quickly spread into Asian stocks. Chinese tech giants like Xiaomi, a cell phone-maker, and e-commerce giant Alibaba lost 3.1% and 2.1%, respectively.
Just take a look at this, folks…
In the U.S., investors and traders continue to keep a close eye on the House of Representatives. Rumor has it they’re voting on President Joe Biden’s $1.9 trillion economic aid package this week, which should send most Americans $1,400 checks.
In today’s video, I’ll explain why the Nasdaq 100 is breaking down… how much more downside we should expect… the safest index to trade at the moment… and where you can find huge potential upside in small-cap stocks right now.
P.S. I have found a way to spot three times, five times and even 10 times gains in less than a month’s time by targeting “microbursts” on some of the market’s most explosive stocks.
Microbursts are quick, punchy moves in small-cap stocks that can return triple digits in just a matter of days. In fact, I recently captured a 414% return on CNE in under a week.
And now I’m ready to share this market trick with you.
I’m hosting a live webinar on Wednesday, Feb. 24 at 1 p.m. EST to discuss these little-known microbursts.