Hello-Traders and Investors.
There is so much going on in the markets and frankly, the general market is at a very important level.
Does the market crash on Monday or will it bounce come Monday?
If you are an investor is it time to buy some beaten-down stocks? Or is cash king?
Are we looking at value or growth?
As you can see there are so many questions to ask.
In business, sales, education, relationships we all like to have…CLARITY!
The same goes for your operations in the markets, CLARITY IS KING!
When things do not appear clear to you, then it is best in our opinion to step aside and wait and seek clarity.
When we do not have clarity as traders and investors then we are just gambling and rolling dice on the table hoping our number gets hit.
S&P 500, NASDAQ Monthly Chart Breakdown?
You can click on the chart below to view it.
As you can see the S&P 500 ($SPY) has closed the monthly candle for April…very UGLY!
Not only has the S&P 500 closed at the lows for the month but, the NASDAQ ($QQQ) has done so as well.
If the NASDAQ has been in a bubble then, we could be in for an ugly next few months as it still trades well above the pre-covid 19 price.
We do have GREAT NEWS THOUGH and a potential BULLISH THESIS!