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Let’s take a look at some important indexes during this quiet weekend.
First up is the NASDAQ Composite, which remains bullishly-positioned. The breakout from the base was clean, and until/unless that green horizontal is violated, the bullish uptrend is firmly intact, irrespective of the laughable valuations of every tech stock in the universe.
Even though there are a few weeks left in the year, it’s started to really feel like 2020 is over. Things are quieting down, and the end-of-year “wrap-up” articles are increasing.
I don’t tend to be a fan of the “predictions for next year” kinds of articles that appear, mainly because I have yet to see a meaningful prediction actually come true. Try to find me a list of predictions from December 2019 that came even close to anticipating what 2020 had in store. Still, I’d like to offer three general predictions in which I believe.
As we all know, the kinds of ads we see on the web are largely driven by the sites we visit. Since I look at financial sites, I naturally get assaulted with a lot of come-ons and get-rich-quick crap during my browsing. But there are a few faces that are at the top of the list of those I would love to never seen again. Ever.
First off is the squeaky-voiced, pony-tailed, ginger-bearded Ross Cameron of Warrior Trading. Yeah, this guy sure looks like a warrior. I suggest bringing along a white flag, just in case..
I went through my list of 64 stocks in my “Recent IPOs” list and plucked out these five, which seem especially strong. The market’s desperate search for outsized growth keeps pushing these up to lifetime highs nearly every day.
