BTIG warns that the Nasdaq 100 is overextended

seekingalpha06-21

BTIG on Friday cautioned that the tech-focused Nasdaq 100 (NDX) index was overextended, a day after highlighting overbought signals in the hugely popular Invesco QQQ Trust Series 1 (NASDAQ:QQQ). BTIG ...

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BTIG ...</p>\n\n<a href=\"https://seekingalpha.com/news/4117922-btig-warns-that-the-nasdaq-100-is-overextended\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BTIG warns that the Nasdaq 100 is overextended</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBTIG warns that the Nasdaq 100 is overextended\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-21 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4117922-btig-warns-that-the-nasdaq-100-is-overextended><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BTIG on Friday cautioned that the tech-focused Nasdaq 100 (NDX) index was overextended, a day after highlighting overbought signals in the hugely popular Invesco QQQ Trust Series 1 (NASDAQ:QQQ). BTIG ...</p>\n\n<a href=\"https://seekingalpha.com/news/4117922-btig-warns-that-the-nasdaq-100-is-overextended\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://seekingalpha.com/news/4117922-btig-warns-that-the-nasdaq-100-is-overextended","article_id":"2445769973","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1213574690/image_1213574690.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445769973","pubTimestamp":1718978119,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"BTIG on Friday cautioned that the tech-focused Nasdaq 100 (NDX) index was overextended, a day after highlighting overbought signals in the hugely popular Invesco QQQ Trust Series 1 (NASDAQ:QQQ). BTIG ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","BK4588":"碎股",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF","BK4561":"索罗斯持仓","QQQ":"纳指100ETF","QQQE":"Direxion NASDAQ 100 Equal Weighted Index Shares","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","BK4581":"高盛持仓","BK4593":"纳斯达克ETF","QQQM":"Invesco NASDAQ 100 ETF","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","NDX":"纳斯达克100指数"},"translate_title":"BTIG警告纳斯达克100过度扩张","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"QQQM":1,"QQQE":1,"NQmain":1,"NDX":1,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"MNQmain":0.6},"content_text":"BTIG on Friday cautioned that the tech-focused Nasdaq 100 (NDX) index was overextended, a day after highlighting overbought signals in the hugely popular Invesco QQQ Trust Series 1 (NASDAQ:QQQ). BTIG said that the Nasdaq 100 (NDX) had now gone 375 trading days without a -2.5% daily decline, the longest such streak on record since the NDX began trading in 1985. The investment institution went on to add that there had only been three prior streaks of at least 350 trading days (April '14, January '06, July '86). “The 2014 streak ended with a -2.7% day, a few days of chop, then a -3.13% day, and that was pretty much it for the pullback,” BTIG noted. “Jan. 2006 ended with a -3.09% day, but that correction would continue for about six months and see a -16% drawdown.” “July ‘86 ended with a -4.18% day, followed immediately by a -2.77% day, and ultimately would see an 18% decline over the next two months.” On Thursday, the investment institution had said that the QQQ - with its $290.99B in AUM - was trading well into overbought conditions when looking at the Relative Strength Index technical indicator. On another note, the NDX currently hovers 7.3% above its 50-day moving average, which typically acts as a level from which it pulls back or consolidates. For traders and investors that are tracking the Nasdaq 100 (NDX), see a grouping of ETFs that track the index for further reference: (QQQ), (QQQM), (QQQE), (USNQX), (NASDAQ:TQQQ), (NASDAQ:SQQQ), (QLD), and (PSQ).","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445769973"}