rsi not confirming the new high on the naz. more importantly the S&P isnt making new highs. this parabolic upward move is going to have some more juice but then drop like a rock. analysts are completely throwing in the towel and raising price targets just because their stocks are skyrocketing and throwing valuations by the wayside.
Nasdaq divergence
- Thread starter Corky5
- Start date
If we continue to get more lockdowns, watch those stay-at-home stocks keep on rising. That's why AMZN, MSFT et al are making new highs...They are the only companies who will see growth because everyone will be stuck at home using them, AGAIN.
AMZN $4,000 by X-mas? Hell, that's only $1k above today.
True that
Not true. Take ENRON as one example, to name a few. Although, I do understand what you’re implying
And drop like a rock it will. I think the nasdaq will lose a 1000 points in a day. I hope no one gets surprised by a drop like that considering the run its had.
%%
Exactly;
NasdaQQQ tends to outperform SPY/dow;
almost always.But since dow did better one day in the last 10; just goes to show you, cant really predict/LOL
Most full time analysts are not full time traders/investors,so one has too keep that in mind...…………………………………………………………………………………………….