Jason Goepfert

1-26-2022 at 5:32 pm

Daily Report : Nasdaq analogs show rising probability of higher prices

Trading activity in recent weeks has a similar feel to 1998, and the price chart of the Nasdaq Composite now compared to then is similar. Using an objective process, though, 1998 doesn't show up on the highest-correlated 6- or 12-month periods. The stretches that do mostly saw positive outcomes going forward.

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