Overall Trend Remains Down

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Overall Trend Remains Down

TurboTrading
2022-09-27

The Nasdaq 100 (QQQ) found support at the 200-Week SMA yesterday. It is due for a bounce, but the recent weakness reflects ample macro headwinds. At 16x forward earnings estimates, the market appears reasonably valued -- not cheap at these levels in my view. The risk remains with the trend (to the downside).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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moneymagnet
·2022-09-27
K
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lesing
·2022-09-27
H
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YLS0721
·2022-09-27
B
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Renzo Piano
·2022-09-27
Ok
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Alancheah
·2022-09-27
Ok
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vic78
·2022-09-27
👍👍
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1
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joshuanoob
·2022-09-27
like pls
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IcyAlchemist
·2022-09-27
Nice
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Yyyyyyyjjjjj
·2022-09-27
Cool
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imsomeonelse
·2022-09-27
Hehe
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kokwkv
·2022-09-27
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Yao84
·2022-09-27
Ok
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CPkawaii
·2022-09-27
B
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