
OVERSOLD BOUNCE IN THE STOCK MARKET
By Nigam Arora & Dr. Natasha Arora Oversold Bounce Please click here for a chart of Nasdaq 100 ETF (QQQ). The chart shows that coming into today RSI was very oversold. When RSI is this oversold, it is a good setup for a bounce. Economic data this morning was very negative for the stock market. All of the buying today is from the momo crowd. In spite of the bounce, smart money is not buying. The bounce should be used to properly align the portfolio with current market conditions. Please see the protection bands, cash and hedge levels in today’s





