It looks that tech selling running out of steam as NAZ holding relatively better then DJI today: right now NAZ down 1.17% while DJI down 2.75%.
Edited by redfoliage2, 21 September 2020 - 02:05 PM.
Posted 21 September 2020 - 02:02 PM
It looks that tech selling running out of steam as NAZ holding relatively better then DJI today: right now NAZ down 1.17% while DJI down 2.75%.
Edited by redfoliage2, 21 September 2020 - 02:05 PM.
Posted 21 September 2020 - 02:09 PM
could definitely see a big 1 day wonder rally on Qs.
Look at the move in GOOG for instance...total wipeout to 200 day. A move back to 1500 or so would not be surprising.
looks like a pretty bad break on Rut & Dow today though, so bounce may not last very long....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 21 September 2020 - 02:28 PM
As far as Dow goes, if we do get the 1 day wonder tomorrow, 27,400-500 is the critical level to watch now....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 21 September 2020 - 02:36 PM
Now it's waiting for a trigger to mount a big come-back ...........................
Posted 21 September 2020 - 02:37 PM
The ES and NQ declines have been meaningful in the 12-13 day span including one Holiday. Roughly 10% for ES and 14% for NQ. Definitely a short "time" frame but Dec 2018 ended right after the Quad witch, and so did March 2020. June 2020 bottomed price wise on June 15th before the Monday open, but did not start to move up strongly until after June 26th pension fund rebalance. Drops only last a few weeks at best.
Posted 21 September 2020 - 03:12 PM
possible NQ bulls used up their firepower today....
let's see how the overnight battle around 11K plays out.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 21 September 2020 - 03:20 PM
FNGD 5 min still in bull mode as of close today.
If bulls falter at 11k overnight on NQ, and FNGD gaps above 10.80 tomorrow, could get ugly again real fast....
OTOH, if bulls win out overnight, then Fang Index could possibly be freed up for a run to test the highs, or least substantially higher for a bit.
See what the night monkeys bring us....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 21 September 2020 - 03:38 PM
Today was definitely among the worst breadth up days on Naz (for NDX anyway, composite did not quite get to green)
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 21 September 2020 - 03:44 PM
On the night monkeys or pajama traders, with the Bears pulling off a 50 point gap down today on the ES, it will be interesting to see if the Bulls counter in the one of the next overnight sessions with an oversized gap up. NQ might want to retrace at least half of the 1800 pts down we just saw before taking so much as a breath.
Posted 21 September 2020 - 11:43 PM