PoulsboTrader
 
 

The Nasdaq's top 10 stocks trade at 47x earnings and account for 44% of the index There's an interesting market dynamic  currently - a bubble in large cap growth stocks but tons of small caps trading at extremely low valuations

  https://barrons.com/articles/stock

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AbovetheGreenLine
Yes, a Double Top or Lower High on the NASDAQ soon could be the end of the 11 year run.

But the QQQ is still the Strongest Index, and with FED Printing, fundamental numbers have not mattered.

Eventually another Investment will come along, and the Parabolic Curve below will be broken....

QQQ.png 
Good trading, and tell your friends!
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jobear
hi, please comment if I can tune the greenline from 250 MA to 200 MA for higher sensitivity? 
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AbovetheGreenLine
Yes you can, but if the NASDAQ 100 has a Double Top soon with an "M" pattern, it probably won't matter which long term average you use. The 250 day has been back-tested and has fewer whipsaws than the 200-day average.

Parabolic Curves can be very dangerous, but the NASDAQ should TELL US when it is out of Money with a FAILURE to make New Highs (Double Top).

Most likely when Interest Rates finally turn up. Stock Prices should struggle. IRX.png 
Good trading, and tell your friends!
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jobear
hi Joanne will there be update on etf portfolio this week? thanks
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AbovetheGreenLine
Hi, I'm not sure what your question is?

The ETF Sector Rotation System will change Quarterly on June 30, 2020.

Thank you.
Good trading, and tell your friends!
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