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NASDAQ Composite (IXIC)

NASDAQ
Currency in USD
Disclaimer
15,282.01
-319.49(-2.05%)
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NASDAQ Composite Discussions

1. We had a bottom that was tested twice and was rejected. 2. We broke the downward trendline that was started in January 2 days ago. 3. We now have a higher high that was set earlier this month. We'll have to pull back at some point, but it's HIGHLY improbable that we'll have another leg down due to both the TA and macro environment. If you're still a bear, either dump your position when the price starts to pull back a bit, or pray that Russia nukes someone.
Because the Ukraine war has already been going on for 3 weeks. Outside of a nuke, no more surprises can come from it = no one cares. The fed rate hike has come and go, and a plan has been laid out for everyone to see and we've seen that the fed will likely stick to it. No surprises can come from it = no one cares. Everyone knows inflation will stick around for a few months at least. Unless we get like 12% inflation or something next report, no more surprises will come for it = no one cares. No one cares = stock goes up.
I want to throw in that the stock market WAS beginning to recover after the last time Powell spoke about a month ago and plans for the rate hike were laid out, but it quickly reversed once our friend Bullard came out and advocated for a 50 basis point increase. That creates uncertainty, which is how we got the previous leg down.
so the Marco environment isn't 'good' then it's just on one cares. it just shows what the market got coming for it, no one cared in the mid 2000s when they were told of the housing bubble or late 90s when they were told about the tech bubble but ask those same people if they should of cared now and the answer would be different. an investment strategy of 'no one cares' and just ignoring the marco environment is quite frankly the worst I think I've seen, yes it may help to win short term profits but I have no doubt it will burn you in the long term
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