So much for the Nexflix one day recovery on Tuesday. Wednesday, yesterday and now today's opening bounce each time are being sold.
$SPX excluding Wednesday's daily bar - Thursday, Friday and today's bars are all inside Tuesday's "large" range bar. Sum sum summertime.
Nasdaq mew highs and then sells off.....whewwww Going to be interesting to see how fb and amzn hold up after earnings this week. Without them the Nasdaq is pretty much worthless
It also ignores that the Nasdaq was down today because of the smaller cap companies. You’d think at some point the concept of breadth (and that it can actually be looked up) would have been presented to them. There is a ton of false stuff being thrown around on these boards. A ton. More money for me though.
I would think when most traders refer to the Nasdaq they are talking about the Nasdaq 100. The Russell 2000 is small caps, which mostly trade on the Naz. As for the Naz itself it was chips, MSFT, NFLX + few other big names that really pulled down the index.
Friday GDP figure could be MASSIVE.. not getting short into that.. you can almost already here how the CNBC cheerleaders will push it.. S&P all time highs possible THIS WEEK