I came across this yesterday and found it interesting. Nasdaq is actually down YTD when expressed in euro. The decline in DX means that although Nasdaq is currently at ATHs the actual value of the index has declined overall. Food for thought.
Daily range for the NDX has dropped well below 1% recently in July, was huge in the first week of April, daily range some days was 8 to 16% some days.
When NQ is around all time high, the day range shrink. NQ is suffering from altitude sickness or old-age problem. As it gets higher, it gets weaker and weaker. It needs to go down the mountain to get the oxygen.
Make money from this interesting information. Because that's the only thing that matters. Everything else is just conversation and dead air.
NQ/NDX could get fucked this week. All depends on the earning reports. Coinciding with a fed rate decision? Cross yer fingers. Ugggggg!
Nope. No chance at all. Maybe 1 slight red day, oh wait SPY had it today. Does QQQ need that fractional red day too or will they allow it to be green all 5 days this week?
Euro, Pound, Looney & Yen are starting to roll over so pretty soon it won't matter. Only the AUD is still a buy. The Yen has been a sell for a few weeks now.