Nasdaq divergence

rsi not confirming the new high on the naz. more importantly the S&P isnt making new highs. this parabolic upward move is going to have some more juice but then drop like a rock. analysts are completely throwing in the towel and raising price targets just because their stocks are skyrocketing and throwing valuations by the wayside.

 

Then NQ might diverge even much more.

 

If we continue to get more lockdowns, watch those stay-at-home stocks keep on rising. That's why AMZN, MSFT et al are making new highs...They are the only companies who will see growth because everyone will be stuck at home using them, AGAIN.

AMZN $4,000 by X-mas? Hell, that's only $1k above today.

 

Fed and central banks distorted the market. They had to kill price discovery and there's just too much money looking for a home. I have a feeling this will end horribly with a worse outcome than 2008. But have no clue as to when.

 

well. Whether Market is going up or down, Market is always right.

 

True that

 

Not true. Take ENRON as one example, to name a few. Although, I do understand what you’re implying

 

And drop like a rock it will. I think the nasdaq will lose a 1000 points in a day. I hope no one gets surprised by a drop like that considering the run its had.

 

%%
Exactly;
NasdaQQQ tends to outperform SPY/dow;
almost always.But since dow did better one day in the last 10; just goes to show you, cant really predict/LOL
Most full time analysts are not full time traders/investors,so one has too keep that in mind...…………………………………………………………………………………………….

 

Every single day for weeks analysts have been raising price targets on all heavy tech weighted nasdaq stocks. Once again its apple

Apple (AAPL) PT Raised to $400 at Raymond James But Says Sept Qtr Estimates are 'Too High'
July 7, 2020 7:52 AM