December 3, 2021

HEAVY MOMO BUYING ON THE SECOND CASE AND TRIPLE REINFECTION RISK

By Nigam Arora & Dr. Natasha Arora

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

Heavy Buying

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

Note the following:

  • In yesterday’s Morning Capsule we showed you that RSI was oversold. Please click here for the chart of  ETF . The RSI pattern shown on the chart was positive.
  • Oversold markets tend to experience strong bounces. This is exactly what is happening today.
  • Two pieces of news since today’s  Morning Capsule are adding to momo buying.
    • A second omicron case in the United States has been confirmed in Minnesota.
Please click here or the title below to read more.
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