Nasdaq: Third time's a charm?

July 18, 2017 02:39 PM
Chart of the Day

This is the Nasdaq's third attempt to break out of the bull market channel. Once it holds we should shift into a higher gear as the bubble phase progresses.

About the Author

Gary Savage started SmartMoneyTracker in 2007 right before the bear market began, and called the top in Nov. 2007. Cycles and sentiment are his two primary analysis tools. In his teens, he was a national Judo champion. He was a national weightlifting champion at 26, and by 39 he was a world weightlifting champion and world record holder. An entrepeneur his entire life, he has multiple businesses in addition to SmartMoneyTracker.