
MOMO INCURS HEAVY LOSSES ON THE WHIPSAW
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Heavy Losses Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows aggressive momo buying after the Fed announcement yesterday. Take a look at charts of momo’s favorite stocks and you will find that the moves were many times more than the move in QQQ. Many momo stocks went up 8 – 25% yesterday afternoon. Smart money had started selling momo stocks right near the close yesterday. The chart shows that today smart money has continued to sell