61 days ago • Posted by Paul de La Baume
Nasdaq100 ready to buy the dip? $QQQ $SPY #trading
While the US economy is finally seeing 'cracks' in its jobs picture, US Treasury yields continue to react downwards as traders forecast the weakening US economy will see lower interest rates. This downtrend in yields should act as support for valuations, particularly in technology names. On the earnings front in tech, Q1 earnings in 3 weeks should be decisive, but really the news flow continues to be encouraging. Should there be a more 'material' drop in markets, tech should be better able to withstand it. Investors should be eying to buy dips and look for Big Tech names that are still lagging but are showing encouraging signs (Google, Amazon). This post is written for an educational purpose of the Trading Game, and does not constitute financial advice.
