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.