To gain an edge, this is what you need to know now.
Pay Attention to Momo Behavior
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- In the Morning Capsule, we wrote and previously stated in the January Effect post
The assumption at this point in time is that the momo crowd is not going to change its behavior and will buy the dip.
Another assumption at this point is that momo gurus will come up with narratives to persuade their followers to keep on buying stocks.