Momo Buying

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

  • The seasonality is positive this week but will turn negative next week.
  • The third quarter is historically the weakest quarter. Markets tend to dip from August to October.
  • The chart shows that RSI is very overbought and now flattening.  This indicates that a pullback may be coming.

OPEC In Disarray

OPEC+ is in disarray.  UAE  has broken ranks with Saudi Arabia.  So far the cartel has failed to reach a production increase agreement.