context
I prefer trading individual stocks to indices because indices behave in a counterintuitive way. they work well with reversion-to-the-mean strategies as they happen to represent an aggregate picture, and that is what aggregates do.
opinion
indices are amazing at pointing out consolidation and expansion phases. they do this naturally as stocks move in bursts, mostly in unison.
observation and implication
NASDAQ approaches a critical period of congestion. an upside breakout will mean a further rally for the magnificent 8 (or as I call them, titans); and for RUT2000.
a downward break would mean the inception of a bearish trend. titans shall fall, and eventually they will drag down all the frontrunners. the stocks to go up would be in the utility, energy, aerospace and defence (of course) sectors. stocks hidden from the average sigma beta capsicum hedge funds will have some time to react, hopefully.
the trade
speculation aside,
- bullish on NAS if price breaks above $22900
- bearish on NAS if price breaks below $20450
I prefer trading individual stocks to indices because indices behave in a counterintuitive way. they work well with reversion-to-the-mean strategies as they happen to represent an aggregate picture, and that is what aggregates do.
opinion
indices are amazing at pointing out consolidation and expansion phases. they do this naturally as stocks move in bursts, mostly in unison.
observation and implication
NASDAQ approaches a critical period of congestion. an upside breakout will mean a further rally for the magnificent 8 (or as I call them, titans); and for RUT2000.
a downward break would mean the inception of a bearish trend. titans shall fall, and eventually they will drag down all the frontrunners. the stocks to go up would be in the utility, energy, aerospace and defence (of course) sectors. stocks hidden from the average sigma beta capsicum hedge funds will have some time to react, hopefully.
the trade
speculation aside,
- bullish on NAS if price breaks above $22900
- bearish on NAS if price breaks below $20450
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。