Long-run danger signs for the Nasdaq

The Nasdaq Composite could be looking at a dramatic decline in the long term, says John C Burford. Here, he looks at ways to trade it.

The fireworks on Friday arrived one trading day early for Bonfire Night, but they were spectacular. Markets were down sharply (except the US dollar, please note). Gold lost $35, silver $1.40, crude oil $1.80 and the Dow almost 200 pips.

And if you were expecting a bullish' US non-farm payroll print, you got it. The number strongly beat expectations.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.