Nasdaq broke below the 200 day ( big trouble )

brightside said:
I just re checked the markets and I see the nasdaq crashed below the 200 day moving average on a CLOSING basis for the first time since the pandemic started in 2020.
Anyone have an opinion on this? To me its a very ominous sign unless it quickly closes above it on some volume.
Both the dow and S&P have closed below the 50 dma and looking to maybe find support at their respective 200 dma’s. Eventually the market brings them all down if this is the start of a bear market which I think it is. The low inflation support is gone.
The next hammer to fall would be lowering guidance next week when earnings really begin.
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simply

remove all the DMAs,
& migrate from investing to trading,

then the ominous sign and your big headache will disappear.

do not suffer under constant fear/worry/anxiety/stress.
Always look at the market from an opportunistic viewpoint.
 
Last edited:
brightside said:
I just re checked the markets and I see the nasdaq crashed below the 200 day moving average on a CLOSING basis for the first time since the pandemic started in 2020.
Anyone have an opinion on this? To me its a very ominous sign unless it quickly closes above it on some volume.
Both the dow and S&P have closed below the 50 dma and looking to maybe find support at their respective 200 dma’s. Eventually the market brings them all down if this is the start of a bear market which I think it is. The low inflation support is gone.
The next hammer to fall would be lowering guidance next week when earnings really begin.
More...
upload_2022-1-19_9-5-28.png


look at the day chart.
look at the day range. It has been very wide since
Dec 2021.
Be thankful for the wide range.

there is absolutely no ominous sign.
instead, there are lots of trading opportunities.
 
nooby_mcnoob said:
So the commies are traders?
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A few like Soros, Pelosi, etc. are. But shutting down pipelines/locking down economy/clogging up shipping ports/unconstitutional mandates in key industries (now including truckers) has some pretty clear implications.
 
MKTrader said:
A few like Soros, Pelosi, etc. are. But shutting down pipelines/locking down economy/clogging up shipping ports/unconstitutional mandates in key industries (now including truckers) has some pretty clear implications.
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Pelosi is not a commie at all. For all her faults, she really does believe in a free market, so long as she has an edge.

Soros though, that guy seems to like watching the world burn.
 
nooby_mcnoob said:
Pelosi is not a commie at all. For all her faults, she really does believe in a free market, so long as she has an edge.

Soros though, that guy seems to like watching the world burn.
More...
That's not a free market, though. She's at the top and the "unfair edge" is how all oligarchs make profits. She wouldn't like truly free and fair competition.
 
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