Nasdaq100, after such a run is tired... very tired. And now is on a huge resistance level, that will be extremely dificult to overpass. So, with vulcanoes, countries going bankrupt, debt, debt and more debt and extreme optimism on the stockmarket not seen since 2000, compliments to the world governments that prefered trowing free money to the system, creating a big big bubble and bankrupt entire populations... this entire stockmarket is due for a huge correction. I would be very surprised if next months wouldn´t be bear territory.
Stock Market ETFs Trading Update: Rally On?
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While the stock market has enjoyed a nice bounce, my viewpoint for most
equities remains cautious to neutral. This has my focus on commodities.
That said...
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