This article is part of the series

The Chartman

The Nasdaq is Slumping, So Buy In

By The Chartman FOXBusiness

Well, that certainly wasn’t a pleasant week.   It didn’t have a huge down day, but it did have the steady drip-drip of relentless selling.  In fact, every day on the Nasdaq had a lower close than open.  Ugh.  

Continue Reading Below

On the other hand, it still feels like a normal course correction, and I’ve been buying into it almost every day, waiting for the – inevitable??—upturn.

With the Nasdaq selling off, I thought I’d look at some mo-mo stocks to see how they’re faring.  The verdict: I think they’re primed to start rallying. 

First up is Tesla (TSLA).  A brutal March, but good for potential buyers.

Continue Reading Below

Facebook (FB) isn’t in quite the same shape, but should be ripe for picking soon.

Back next week to see if the market can muster any kind of bounce.


What do you think?

Click the button below to comment on this article.