July 31, 2021

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.