Tuesday, November 22, 2016

Record Highs except for the NDX100; should we care?

NDX100 Daily Chart @ Close 11/21/2016
Whilst many a sub- Index & the Benchmark S&P500 + Dow register Record Highs; the High Beta NDX100 not so....for now.
Whether it matters in the brave new world of Trumponomics another matter altogether as it's now all about Nominal GDP Growth with attendant Interest Rate/ Monetary Policy implications & EPS ramifications.
Wait & See approach into year- end may yet be the disciplined one?

Friday, November 4, 2016

NDX100 Correction: "Nothing appears without a sign...."

NDX100 Daily Chart @ Close 11/03/2016
A few weeks past; the NDX100 our 'lead' pony in a market seemingly bereft of signals? The "Outside- Down Key Reversal" WAS negated BUT left a contemporaneous Weekly Shadow that suggested 'vulnerability' best described Equity Markets pre- FOMC, US Elections......hell Facebook 'news' even (L/T 'Short = Our View).
Either way & the Correction is well & truly underway with 'our' 4650 Target (THE WEEKLY) firmly in sight ahead of the NFP's.
Should matters get 'unhinged' beyond that (4650); 4525 & 4450 are quite doable in the current environment.