December 6, 2021

By Nigam Arora & Dr. Natasha Arora

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

Positioning

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

Note the following:

• It is important for investors to pay attention to Wall Street’s positioning.  It is the positioning that often, in large part, determines the reaction to news.
• Wall Street is positioning for a Santa Clause rally, especially in tech stocks.
• The chart shows that QQQ has pulled back into the support zone.
• The chart shows that RSI is oversold.  Oversold markets tend to bounce.
• It is a seasonally positive period.