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

Buying Momentum

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

Note the following:

  • The Morning Capsule was titled: Buying jobless claims hitting pre-pandemic level and good earnings.
  • We have previously explained that a majority of trading these days is done by machines. Once the market starts moving in a certain direction, algorithms are designed to keep on buying until buying is no longer profitable.  Keep in mind these are very short term trades –  lasting from milliseconds to minutes.