Tag Archives: $NDX

Nasdaq 100 Downward Initiation Thrust

Twitter Sentiment for Nasdaq 100 - QQQ

The Nasdaq 100 ETF (QQQ) has painted two downward initiation thrusts over the past month. Both of them came from sentiment highs on 7 day momentum. This is an unusual situation. Generally 7 day momentum declines as traders take profit on positions moving into a top. Then as the top is being made in price […]

Chasing Continues

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The Trade Followers Momentum indicator for the S&P 500 Index (SPX) continues to show chasing by market participants. Traders are jumping quickly from one side of the market to the other as price moves in large daily swings. The chasing increases instability because traders are not committed to positions. This shows up as Twitter and […]

Nasdaq 100 Holds Clues to General Market

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Earlier in the week I mentioned that there is a bit of chasing going on in the indexes. When this happens it usually means larger range days and increased instability. In addition, price can change direction very quickly. When market participants are chasing it’s a good time to use caution and/or avoid new trades. I […]