• 717 days Will The ECB Continue To Hike Rates?
  • 717 days Forbes: Aramco Remains Largest Company In The Middle East
  • 719 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,119 days Could Crypto Overtake Traditional Investment?
  • 1,124 days Americans Still Quitting Jobs At Record Pace
  • 1,126 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,129 days Is The Dollar Too Strong?
  • 1,129 days Big Tech Disappoints Investors on Earnings Calls
  • 1,130 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,132 days China Is Quietly Trying To Distance Itself From Russia
  • 1,132 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,136 days Crypto Investors Won Big In 2021
  • 1,136 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,137 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,139 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,140 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,143 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,144 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,144 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,146 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

A Caution Condition is Appearing on the NASDAQ 100

An Upper Bollinger with Decreasing Strength?

That is what has happened since 9th of February. Note the NASADAQ 100 chart below which show's the NASDAQ from the beginning of January to February 1st.

The movement was strong with the NASDAQ trending up along the Bollinger's upper Band, and with a 9 Relative Strength trending up higher as well. Now see chart 2 ...

NASADAQ 100 chart

This second chart shows a Caution Condition on the NASDAQ 100 that has developed after February 9th. There are two things to note here:

  1. That as the NASDAQ hit or went above its upper Bollinger Band, the 9-RSI kept trending higher from January to February 9th.

  2. That since February 9th, the 9-RSI was visibly lower with a Negative Divergence with the NASDAQ. That says the NASDAQ 100 has moved higher on less strength which is not a good condition.

Caution Condition on the NASDAQ 100

 

Back to homepage

Leave a comment

Leave a comment