MOMO BUYING THE DIP RUNS INTO A WALL OF SELLING
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know now.
Momo Buying Runs Into A Wall
Please click here for a chart of Nasdaq 100 ETF (QQQ)).
Note the following:
- The chart shows the stock market reaction to Amazon’s (AMZN) earnings.
- In the Morning Capsule we shared with you:
Momo crowd gurus are proclaiming that dips are buying opportunities and the momo crowd is buying the dip in stocks like AMZN and PINS.
- The chart shows that as predicted in the Morning Capsule, the momo crowd bought aggressively at the open.
July 31, 2021