We can all agree that the Nasdaq triggered most of the downward selling pressure we’re seeing, right? It’s just full of big, index-swaying names like Apple, Microsoft, Amazon, Meta (Facebook), Intel and Nvidia!
The number of Nasdaq 100 stocks trading above their 50-day moving averages right now is only about 11%.
That number hasn’t been this low since the COVID-19 crash in 2020!
But the point WealthPress Senior Strategist Roger Scott wants to make is that it doesn’t often fall to these levels. And if it does, odds are the markets will go back up.
That’s why he believes we should turn all of our focus to trades we can take when markets are volatile…
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