To gain an edge, this is what you need to know now.
Consumer Confidence
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- From the Interim Capsule published earlier to give you an edge:
In the Morning Capsule, we shared with you that the momo crowd was aggressively buying but their reason to buy was flawed. The momo crowd buying became even more aggressive at the market open.
Smart money first started selling lightly into the strength but then became more aggressive with selling. NASDAQ 100 has pulled back about 3% from today’s high.