With the major indexes looking a little tarnished last week what should we look for this week?
Of the 3 major indexes – the ones the media likes to focus on – stocks traded on the NASDAQ are the weakest of the 3.
Because of their overwhelming effect on the technology indexes, giant stocks such as AAPL, FB, etc continue to prop up the numbers to some extent.
But what if they weren’t?
Bloomberg reported this week – “Number of Nasdaq Stocks Down 50% or More Is Almost at a Record”.
This can be viewed either as a buying opportunity or an indication for an even more disastrous market development.
With the indexes perched right on – or a little below support – can the market recover some wind for another push up?
Watch this video for insights on what to watch for and where you can obtain the list of top stocks watchlist published each week.
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