MOMO BUYS EVERYTHING BUT SUPPLY DEMAND PICTURE MIXED
To gain an edge, this is what you need to know now. Momo Buys Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The momo crowd is buying everything — stocks, gold and oil. In the very, very short term, they got technically oversold. When markets get oversold, they tend to bounce and momentum reverses. All momo crowd needed was a reversal in momentum to start aggressively buying. VUD indicator is the most sensitive measure of net supply demand in real time. Orange is net supply and green is net demand. The chart shows the VUD indicator started