WHAT TRADE WAR? NASDAQ IS BREAKING OUT $QQQ $SPY $IWM $SPX $DIA
A key to success in investing is paying attention to logic and good opinions. But don’t forget price action.
There’s a trade war heating up. There are disappointments in negotiations with China. The Europeans are upset. Closer to home, Canada and Mexico are indignant. Common-sense logic would say that the stock market should fall, but the Nasdaq Composite Index COMP, is breaking out of a congestion zone. Let’s explore with a chart.
Chart
Please click here for an annotated chart of the Nasdaq 100 ETF QQQ. The Nasdaq 100 NDX, is acting stronger than the Dow Jones Industrial Average DJIA, and the S&P 500 SPX.… Please click here or the title below to read more.
June 4, 2018