May 3, 2021

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Blind Money 

Please click here for a chart of    Nasdaq 100 ETF (QQQ).

Note the following:

• On the first two days of a new month, blind money pours into the market. Blind money is the money that is invested in the market without any analysis irrespective of market conditions.
• Most of the blind money is invested in the afternoons. Wall Street knows this so they are buying now and bought on Friday.  Then they will turn around and sell it to the blind money at a profit.