top of page
Search
jgoold18

Is the Nasdaq currently a coiled spring or is that shoogly peg about to fail?

The last 3 trading days have been volatile but yesterday we closed ever so slightly up from the close of 3 days ago. It was a real arm wrestle on Friday with the sellers having an enthusiastic go at selling it down in morning trading but buyers stepped up in the last 30 minutes of trading on really big volume to close near the open. The story was very similar yesterday. I'm being cautious until it becomes clear as to whether the buyers or sellers are in charge.

7 views0 comments

Recent Posts

See All

A week to be cautious?

CPI numbers, Fed rate decision and FOMC statement on Wed. NVDA starts the week with its 10 for 1 stock split. A week to be cautious...

What a difference a day makes

After the 3.7% pullback in the Nas last week we hit a new ATH yesterday. It was encouraging that the volume was good (not spectacular)...

Comments


bottom of page