Tag Archives: SP 500

NASDAQ Cash Index Cycle Location 08142020

Last Friday we sent an intraday alert to take profits in FSLY long trade.  The exit alert was based on the fact that the NASDAQ index has been weaker relative to the Dow and S&P 500 indices.   NASDAQ has a readable daily cycle top.  With the both chambers of Congress going home without a stimulus package signed, it could spark a painful pullback.

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Paradigm Shift

The stark difference between the NASDAQ and Russel 2000 index in the last four-year cycle (February 2016 – March 2020) is displaying the economical paradigm shift in plain sight.  The last paradigm shift that is similar to today’s took place during the Great Depression.  Back then, 40% of the economy was Agriculture.  

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Waiting For Catalysts

Last Monday the NASDAQ had a sizable momentum reversal on the downside.  The following four trading days had very choppy indecisive rotations while certain speculative vaccine stocks were trading on high momentum and the stay home leading stocks such as AMZN and NFLX suffered badly to form a temporary top.

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S&P 500 Cash Index Cycle Location 07102020

Last week the S&P 500 and Dow were trading sideways and slowly grinding higher while the NASDAQ was strongly trending higher and closed at a fresh all time high.  Last Monday we sent out an email alerting the cycle inversion and the impact of the presidential election to the stock market. 

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S&P 500 Cash Index Cycle Location 07022020

The market did manage to pop up a four-day rally before the 4th of July holiday in spite of the the rising COVID-19 2nd wave.  We anticipated the possibility in our last blog, as long as the S&P 500 index held 2965.66 level, the market would rally.  Last Monday the market made an effort at open to take down the target, but failed.

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