NASDAQ news

Impressive results have helped it overcome trade worries and an ongoing shutdown for now, but the technicals are still conflicted on the shorter-term daily time frame due to last Friday’s plunge.

US markets rebounded on Monday, 13 October, following Friday’s sharp sell-off.

Trade war is back on the menu even after cautious optimism it’ll get sorted and throws a wrench into shorter-term technicals, while sentiment shows it’s still a story of majority buy bias.

The number of credit card loan accounts in the United States back in 2010 stood at 385 million.

It’s breached 6,700 shrugging off the shutdown and keeping the technicals bullish, and in sentiment clients remain majority long.

It has yet to undo its current bullish technical overview, but in sentiment there’s been an increase in sell bias among CoT speculators.

Another milestone for the tech-heavy index helps keep the technical overview bullish, but in sentiment it’s a story of opposing bias when it comes to CoT speculators and Capital.com’s clients.

Shares fall over 3% in extended trading following the event, yet to derail most of its key technical indicators and where client sentiment is still very much in extreme buy territory.

Rotation out of tech for two sessions in a row hits the tech-heavy index and a couple key short-term technical indicators, but both clients and CoT speculators remain majority buy.

Not far off recovering from last Thursday’s losses buoyed by big gains from a few of Big Tech, and in sentiment still a story of majority buy bias.