The Nasdaq 100 (NDX) recorded a whopping 2.65% climb yesterday, paring back most of the losses it suffered last week. Although price action can still be seen in the new retail traders’ favorites like GameStop and AMC, a significant decline in short interest surrounding these stocks has put the markets in a different landscape compared […]
Wall Street traded on mixed sentiment on Thursday as investors took cues from the latest earnings reports and signs that a big squeeze in shorted stocks will persist for a while. The Nasdaq 100 (NDX) recorded a 1.5% jump to the 13400 resistance before dropping near its open level, or 0.68% around 13200 at the […]
The Nasdaq crashed yesterday 5.30% to a massive key level in confluence with the retest of the mid term bullish structure, the 61.8 of the last rally and the 1.618 of the last leg up of the rally. Hidden bullish divergence detected. Should price break the current high (2 hour candle high) we should be […]
Wall Street saw a bubbly start to the new week on Monday, setting a positive tone for the busy quarterly earnings, Fed meeting, and GDP week ahead. The Nasdaq 100 (NDX) traded erratically to close the day at a +0.87% gain after setting a new record high at 13563.70. The Dow Jones (DJIA) and the […]
Wall Street recorded significant gains overnight as President Joe Biden’s transition into power improved the prospects for additional fiscal stimulus measures and other government activities to combat the negative effects of the coronavirus pandemic. Before this, Treasury Secretary nominee Janet Yellen expressed her support for the new president’s $1.9 trillion fiscal stimulus spending plan and […]
The Q4 earnings season is at hand, with many Wall Street firms set to report their results this week. By next week, major American banks and the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) should have all dropped their earnings report, which is expected to shake things up for the Nasdaq 100 (NDX), S&P […]
The recent announcement that President-elect Joe Biden is considering a $1.9 trillion stimulus package has swept the momentum out of the tech-heavy Nasdaq 100 (NDX), at least in the near-term. The index has fallen by about 2% from its recent all-time high at 13110 on January 8, as the possibility of additional stimulus measures sends […]
Wall Street saw a red trading session on Monday, as investors cashed out their profits after a bullish start to 2021 and amid worries of the political situation in Washington. The Nasdaq 100 (NDX) shaved off about 1.5% from its value after hitting a new all-time high at 13100 last week. Last week’s rally got […]
Wall Street saw a significant bull rally on Thursday, causing the top indexes to record new all-time highs. The rally came on the back of the recent Georgia Senate runoff, which saw Democrats win both seats. The ‘Blue Wave’ outcome means that the Biden administration will control both the White House and Congress, which will […]
