September 13, 2021

By Nigam Arora & Dr. Natasha Arora

House Democrats

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

Note the following:

• The chart shows that the market is rebounding this morning.
• The chart shows that both support and resistance are nearby.
• The stock market momo crowd is excited about the new proposal from House Democrats.
• House Democrats are looking at the corporate tax rate of 26.5% instead of 28% proposed by Biden.  Trump had lowered the corporate tax rate to 21%.
• House Democrats are looking at raising capital gains tax to 25% instead of 39.6% proposed by Biden.