The Nasdaq Expires. Look Out Below!

Just like we witnessed the other day with the Dow Industrial Average, the Nasdaq has experienced even more gains for 2009. Looking at the recent technicals, it looks like the recent uptrend is done as well. In this video we will be using the fibonacci tool to see what’s up with the Nasdaq right now and where it might be going.

If you are little unfamiliar with how the MarketClub system works, essentially their algorithm produces what we call trading triangles… green means the stock is heading higher and red means the stock should head lower. There are monthly, weekly, and daily triangles, so you have the option that best meets your needs.

For most traders, it is recommended that you use monthly triangles to find stocks with overall bullish trends, and then use weekly triangles to determine exit and entry points.

Check out the video - Major Trade Triangle issued for the Nasdaq