Stocks Analysis by Investing.com (Calogero Selvaggio) covering: Netflix Inc, NASDAQ Composite, CBOE Volatility Index. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com
As the rally hits new highs, the High Beta vs. Low Volatility ratio also reaches record levels.A 5%-10% correction is possible, presenting buying opportunities amid low volatility.
I re-shared the report in mid-June, until then the 2021 levels had represented"insurmountable" psychological resistance, signaling the possible and final breakout. At present, a confirmed breakout would be the most bullish thing we could hope for in continuing the trend.From the chart, we see that the projection of the"cup and handle" pattern is going on.
In addition, last week, short for the holidays, ended with the S&P 500 and Nasdaq with new all-time highs. The former has set new all-time highs three times, reaching 34 new highs so far in 2024. Since the beginning of the year, for those who may have forgotten, the S&P 500 has had a return of +17.3 percent while the Nasdaq +24.2 percent.
NASDAQ Composite CBOE Volatility Index
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