Over the past two decades, from 2000 to 2020, April has been the best month of the year with an average return of 2.5% and a positive return 80% of the time.
The SP-500 support now at 3870 area.
trading
Sunday, 4 April 2021
Thursday, 1 April 2021
Tuesday, 23 March 2021
Monday, 22 March 2021
Bullish seasonality for Nasdaq starting this week.
Early on in this morning's session we have a QQQ bounce coinciding with bullish seasonality but especially in conjunction with rates on the 10-Year Note relaxing. While the inverse correlation between rates and the Nasdaq may very well be overhyped (for now), it is also worth nothing that the trade may be a self-fulfilling prophecy at this point given how many eyes are watching the dynamic between the two markets.
As a result, some of the best movers so far are in the Nasdaq. TSLA and SPLK are just two examples. And some beaten-down former monsters like OKTA and ZM are developing near-term potential double-bottoms on their daily charts.
Subscribe to:
Posts (Atom)