I Love When The NDX LeadsTony LaPorta
Since the mid-1990’s, I have been reciting the same phrase repeatedly. I love when the Nasdaq 100 (NDX) leads. I love when the NDX leads. I love when the NDX leads.
Thanks to advancements in technology over the past 20+ years, with one click of the mouse I can communicate with you today. I love when the NDX leads.
Have you looked at the millennials these days. They are not buying diapers. They are buying really expensive smart phones. Millennials live on their phones. They live on the internet. I cannot lie. I probably spend too much time on my phone / the internet myself. And guess what? So do you!!!
Thanks to technology, I was able to go from a pit-trader to a screen trader without a hitch. Thanks to technology, I was able to reinvent myself and now I write about the markets on a daily basis. Thanks to technology, my 37-year career in the trading industry has gotten better.
My love of the marketplace and the ability to trade numerous different products simultaneously has kept the passion alive. I owe the last 14 years of my career to technology companies. I love when the NDX leads.
In conclusion, you can use whatever indicator you need as your crystal ball. NDX led the stock market higher in the 90’s. The tech bubble burst and NDX led the market lower at the turn of the century. NDX in my opinion will trade to new all-time highs in 2016. And all the so-called market gurus will continue to miss the greatest rally ever on Wall Street. I am old school and I love when NDX leads.
Posted below are five charts.One chart at a time, they tell a story about what I feel will be the direction of the next move in the stock market. And believe me when I tell you, I refuse to stand in that long queue of market bears. There are far too many bears out there for my liking. I prefer to stand alone. I remain a roaring bull.
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