52 days ago • Posted by Paul de La Baume

#NASDAQ100 remains in an uptrend #NDX #NASDAQ #trading #TechnicalAnalysis #stocks $QQQ

Technical analysis reveals Nasdaq 100, the tech heavy indice remains in a strong technical uptrend. Pre-market advance of +2% suggests sell-off is behind us as investors are re-positioning for a December-January 2022 rally, in what is usually a very favorable period of the year for stocks. Nasdaq100 held well in the sell-off as investors view the mega cap tech stocks as less vulnerable than emerging new tech players due to their high profitability, strong balance sheets, and typically lower price earning ratio multiples. 

#Technical Analysis #Technology