To gain an edge, this is what you need to know now.
Yellen Push
Please click here for a chart of Nasdaq Next Gen 100 ETF (QQQJ).
Note the following:
- Yellen is pushing for heavy borrowing and bigger stimulus.
- QQQJ is a proxy for aggressive momo stocks.
- As the chart shows, this morning momo aggressively bought stocks.
- As time progressed there is no smart money selling or selling from other segments to counter 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.