
BUYING MOMENTUM TAKES HOLD ON UNSOUND ASSUMPTIONS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Buying Momentum Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The Morning Capsule was titled: Buying jobless claims hitting pre-pandemic level and good earnings. We have previously explained that a majority of trading these days is done by machines. Once the market starts moving in a certain direction, algorithms are designed to keep on buying until buying is no longer profitable. Keep in mind these are very short term trades – lasting from milliseconds to minutes. This behavior by