Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

US Indices diverge, but the NASDAQ fell hard overnight, a sign? Overnight, the Dow rallied 44 points, while the NASDAQ fell 39points; no doubt this is classic...

Nicholas Forsyth

Market Matters

US Indices diverge, but the NASDAQ fell hard overnight, a sign? Overnight, the Dow rallied 44 points, while the NASDAQ fell 39points; no doubt this is classic divergence. One of my favourite signals is that the NASDAQ and ASX200 often lead changes in trend. I remain short term bearish the ASX200; targeting sub 5,400, but if the US indices are now about to correct, we may fall to much lower levels of support. The local market over the last 3 years has seen almost all the heavy lifting by the yield play however, as we have witnessed over the last few weeks, when people get concerned over interest rates going forward, this can unwind very quickly. Basically, investors are reducing their appetite for risk and generally only prepared to buy/hold the large-cap stocks. If we get this anticipated pullback in the NASDAQ, our tech.stocks are likely to follow creating some excellent opportunities. (VIEW LINK)


Nicholas Forsyth
Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.