I have long known that the Nasdaq 100 out-performs all indices and benchmarks. In fact, during the completion of the liberatedstocktrader.com crash detector system which I refined over many years I have learned that the 20-year return of the NDX-100 is 604% (from 1998 to present), compare that to the S&P500 which netted only 200%.
If you are going to buy and hold any index, it has to be the Nasdaq 100 as the returns are superior. Don't just by any ETF or index tracking fund, buy the one that continually provides the best returns. No other broad market index has managed to beat 200% over the last 20 years.
Additionally, in the chart above we can see the last 16 weeks of Nasdaq 100 have brought us 15 up weeks with only 1 down week. But will that change?
The index is approaching again it's all-time high and we should expect some strong resistance coming up. Also, we have earnings season starting again and that will decide if we break-through to new highs or fade away. Ultimately right now there is no reason (technically) to expect a market turnaround. Resistance YES, bear market NO. There have been no shock alerts since December 2018, and the market is in a solid bull run.
Outlook: Short-term Trend (Days to Weeks) - Up Medium-term Trend (Weeks to Months) - Up Long-term Trend (Months to Years) - Sideways
Good luck - like and follow if you want more analysis updates. Barry
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