If the NASDAQ opens strong tom that would signal a break out from this pattern we've had for last 3 weeks of surprise Sell offs and Monster bounces back.
That would be bullish longer term.
But another surprise sell off tom and get ready to test the recent bottoms once more.
Conversation
Brian what are your thoughts on the small cap market? I’m seeing some nice gainers today!
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Replying to
I think you have to trade it one day at a time.
No doubt prices are low on 90% of the day trading stocks.
Today with the market way up traders select a couple to pop. But next time the major market drops. You don't see much.
I have a ton of cash waiting for the day trading of small stock to come back.
I see 2 possible scenario's.
1) If the major market stays high during the summer and Crypto cools off and then traders go back into speculating on small stocks again.
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2) If the NASDAQ takes a correction because of rising interest rates sometime by Oct. Then that should be the final wash out and those with cash will be able to buy these small stocks at dirt cheap prices for the next big move higher.
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