Momentum traders have been caught by surprise to see high fliers stocks such as AMAZON AND NETFLIX selling so heavily.
Reason is not looking in the front but instead driving while looking at the rear view mirror.
Majority of the investors have been looking at the analysts’ reports and views, and have wrongly interpreted that the trajectory for these stocks going forward is only higher.
If you were looking carefully, you would have noticed that the ‘MONEY FLOW’ has already been decreasing in these stocks. Check out the charts to see the negative money flow in these stocks since July.
These stocks continued to grow as the ‘SMART MONEY’ was carefully decreasing exposure to these stocks.
We are not trying to say that these stocks are not going to go higher any soon. Instead, what we are saying is that it was a wise idea to follow the SMART MONEY and sell out or atleast reduce your positions.
KEEP CHECKING US OUT AS WE KEEP UPDATING HERE WITH NEW POSTS/ IDEAS TO UPDATE ON THE MARKET TRENDS.
0 Comments