Daily Report : The Nasdaq's momentum bubble gets pricked

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-09-09 at 17:32:02 CDT

The Nasdaq's momentum has ebbed, with the Composite index falling into its fastest-ever correction. This has ended some streaks of positive price action, and its underlying breadth is now negative on a longer-term basis but already stretched enough short-term to be oversold.

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