Nasdaq is a bubble in search of a pin

Stockmarkets are in bubble territory and the tech-heavy Nasdaq is leading the charge. John C Burford refers to the charts to explains why.

I have not covered stock markets of late, because, frankly, I had nothing new to say and no trades to show using my tramline methods. Since January, stock markets have been on a tear with new all-time highs being registered almost daily in some major indexes.

Today I want to review the background to this roaring bull market. I believe we are in bubble-like conditions and the bio- and tech-heavy Nasdaq is leading the charge.

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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.