NASDAQ 100 Continues to Break Lower -
tightening monetary policy the way it is, it, of course, a lot of fear out there when it comes to growth.
I believe that we have a situation where we will have to pay close attention to the idea of what’s going on during the day on Friday because we have such a major amount of stress out there that where people are willing to be positioned says a lot.If we do get a massive rally on Friday, that could lead to a bigger turnaround.
This is because people are stating that they are clearly comfortable being long of the market heading into the weekend, which takes quite a bit of confidence. Ultimately, this is a situation where it’s going to take a lot to have people hang onto a position, because every time they have tried to buy stocks, they have taken a bit of a hit.
I think the NASDAQ 100 will underperform a lot of the other indices, so having said that the market is likely to continue to drop ahead of the others. I believe this is a situation where you need to wait for some type of exhaustion after a short-term rally so we can start selling off yet again. The 50-Day