you sent out a note i believe it was 10 |
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21 a.m not to the penny and so you're |
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nasdaq 100 was making what happened in |
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right so for the first time before we |
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look at the charts for the first time in |
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basically 18 months |
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let's look at three charts so this is |
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the qqq with the 150 day moving average |
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and today for the first time in 18 |
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it but it's the first time in a year and |
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that when i started in 1989 but |
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doesn't have the hit rate that the 150. |
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to the s p 500 and what is so |
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18 months have gotten back to |
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question is looking out over 36 months |
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yeah i think 100 i think the big |
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market cap components of the nasdaq 100 |
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30 40 50 some i mean zoom at his lows |
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today was down like nearly 70 percent |
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PERCENT
nearly 70 percent
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a company with over a hundred billion |
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components in the nasdaq 100 and it's |
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had a 12 and a half percent peak to |
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trough decline last q1 2021 when rates |
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an eight and a half percent that is |
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seven and a half percent and i had like |
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seven and a half percent
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a six and a half percent so it would |
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six and a half percent
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about a 13 peak detroit decline if that |
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year-end targets somewhere above 5000 |
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maybe as high as 5 500. |
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CARDINAL
as high as 5 500
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this is absolutely 2.0 if you look at |
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and dot com crash 2.0 if you if you look |
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flyers that are down anywhere from 65 to |
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80 off their 52-week highs and and it's |
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a function of first of all those |
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for six weeks but more likely six months |
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more likely six months
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first kind of market you know fed fear |
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understand first of all you know which |
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yeah two nvidia i think had a nice |
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to the august low bounced off this 3150 |
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around 3 200 i think you got it today so |
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the last month and a half two months |
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the last month and a half two months
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