Chart Talk {08.01.17}

Here's a chart of the Nasdaq composite index via it's ETF ONEQ.  Again, we often focus on an index's ETF because that is something we can actually trade.  The Nasdaq had a bit of a sell-off last week and that sort of thing can be worrisome.  However, right now the index is trending higher, although it is overbought by our work.  

Nasdaq is one of the best performing indices this year, up currently about 18% in 2017 and up nearly 50% since it's lows back in February of 2016.

Chart is from Tradingview.com.

*Long ETFs related to the Nasdaq in both client and personal accounts. We reserve the right to change these investments without notice on this blog or via any other form of verbal, written or electronic communication.