The NASDAQ 100 of course is a market that continues to show a lot of promise, as growth stocks continue to attract a lot of attention. In a low rate environment, a lot of the “Wall Street darlings” such as Tesla, Microsoft, Apple, and the like continue to go higher. If that is going to be the case, then the NASDAQ 100 will have to go higher, because there is only about seven stocks continue to be a majority of the driver.
The market is likely to continue to go higher, perhaps reaching towards the 15,600 level. We also had bounced from the 50 day EMA.
Longer-term, this is a market that continues to see a lot of noise to say the least, but I am still looking very bullish in general.
The market is likely to continue to go higher, perhaps reaching towards the 15,600 level. We also had bounced from the 50 day EMA.
Longer-term, this is a market that continues to see a lot of noise to say the least, but I am still looking very bullish in general.
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