It's Dangerous that Investors are Completely Ignoring the Escalating Situation in the Middle East
- If the breakout in the chip stocks can hold (and accelerate)…and the breakout in the NDX Nasdaq 100 can see more upside follow-through…it’s going to be very bullish for the stock market on a technical basis over the near-term.
- The stock market continues to completely ignore the escalating situation in the Middle East. Therefore, if it does become a full regional war, the market will get clobbered. Thus, at least SOME defensive positions are warranted at this time.