Momo Left Without Constraints

Please click here for a chart of junior Nasdaq ETF (QQQJ).

Note the following:

  • QQQJ is a proxy for the aggressive stocks favored by the momo crowd.
  • The VUD indicator is the most sensitive measure of net supply demand in real-time.  The orange represents net supply and the green represents net demand.
  • The chart shows that on an otherwise down day, the VUD indicator has been solid green all day.
  • Normally, the smart money acts as a constraint on the momo crowd.
  • Due to the holidays, smart money sold and has now gone on vacation until 2021.