Trend Trading: update on The Nasdaq 100 Index

The Nasdaq 100 Index (NDX), Long or Bullish, but deteriorating quickly – the short and long term MACDs turned negative a few days ago. Today, we can see that the index is trading under the February low of $12,760.

So the sector and industry shift is out of technology stocks and into stocks such as energy, and industrial metals, such as Freeport McMoran (FCX) as noted in a previous post.

Nasdaq 100 Index (NDX):

Nasdaq 100 Index (NDX)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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