Is This The Bounce?
That was the question raised by The Market Ear after Friday's close ("Shaky Market Confidence"). They noted that major indexes have fallen below their 50-day averages and are flirting with the 100-day averages.
NDX is trading right on the 100 day (well below the 50 day). Note the big trend line coming in here. These levels have been important earlier this year.
Let's consider two scenarios, in the context of the Magnificent Seven stocks.
If The Market Bounces From Here
In a post last week ("When To Buy Nvidia"),
When To Buy Nvidia
We...
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