Investing
Haven
No Result
View All Result
Wednesday, February 1, 2023
  • Login
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
3 premium services >>
Investing
Haven
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
No Result
View All Result
InvestingHaven
No Result
View All Result

The Nasdaq Looks Better Than You Might Think

by Taki Tsaklanos
January 06, 2023
in Markets & Stocks
0
Tags: COMPCOMPQQQQsymbols
nasdaq

nasdaq icon

1.9k
VIEWS
Share on FacebookShare on Twitter

Investors and media are too focused on the price of the Nasdaq index. They draw conclusions from the current Nasdaq reading(s) which are testing their 2022 lows. This might not be the right way to look at the Nasdaq, it’s a very narrow way of looking and thinking. We take a different view and don’t see a market crash in 2023 coming. We have a good outlook as documented in our 2023 forecasts, the 100 Dow charts but also this liquidity chart suggesting the economy might be recession resistant.

Below are two charts: the Nasdaq price index and the advance minus decline volume of the index. Talking about an epic divergence.

The Nasdaq price index is the one in the lower pane of the chart. Admittedly, the current reading is scary. A big breakdown is a possibility and this would trigger an accelerated move lower, is the bearish thesis.

However, the first pane of the chart features advance minus decline volume in the Nasdaq index. This view does not look bad at all, on the contrary in fact. It has a very different message than the index chart.

What we read in the advance minus decline volume is increasing volume on advancing issues in the Nasdaq index. This means that a few heavy weights in the Nasdaq index are pushing the Nasdaq index lower, but this is not representative for what’s happening in most other stocks in the same index.

In a way, we are now in the exact opposite situation as in the second half of 2021. Back then, most stocks were declining and only a few heavy weights (think FAANG) were rising. This created a false perception that the market was looking good, in reality it was only a happy few that were ‘looking good’.

Receive our weekly newsletter.

*We hate spam as you do.

premium service trade alerts   premium service trade alerts   premium service crypto teaser  
WARNING: InvestingHaven.com, our site, is not affiliated and has no connection whatsoever with Invest Haven Group on Invest-Haven.com or Investing-Haven.com. InvestingHaven.com did not have and will never have sales reps. Do not accept financial offers, certainly not by telephone, this is why >>
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

lithium graphite icon

Lithium & Battery Technology Sector Bouncing Back, Strongly

January 29, 2023
silver miners

Silver Junior Miners Working On A Strong Long Term Base, Huge Upside Potential

January 29, 2023
lithium forecast

Lithium: Buy Or Sell?

January 27, 2023
nasdaq

Nasdaq Touching Its 200 Day Moving Average. Time To Sell Again… Or Buy?

January 26, 2023

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto

Site Navigation

  • RSS Feed
  • About us
  • Mission 2026
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • InvestingHaven vs. Invest-Haven
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2023 InvestingHaven

No Result
View All Result
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2023 Forecasts
  • Stock markets
  • Commodities
  • Lithium
  • Silver
  • Crypto
  • Login & MyAccount

Copyright © 2023 InvestingHaven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    InvestingHaven.com honours your privacy. Read our Privacy Policy