Home Stock Market Commentary This Week’s Nasdaq Drop Doesn’t Bother Me, Here Is What Would For...

This Week’s Nasdaq Drop Doesn’t Bother Me, Here Is What Would For The Stock Market – Mike Swanson (12/10/2020)

Yesterday the stock market had a dip as the S&P 500 fell over 20 points and the Nasdaq fell 2.79%, with heavy selling in many of the favorite big cap tech stocks. However, this decline does not bother me. We are seeing a rotation into small caps out of big cap tech and into what have been lagging sectors, such as energy stocks right now. It’s likely to simply continue from a stock trading perspective on the technical analysis charts.
In this video, though, I talk about what would happen that would make me think that a real 10%+ decline was coming for the US stock market.

If you are new to stock trading and investing then grab my book Strategic Stock Trading.

-Mike