Trading when stock markets go both ways

Unlike the FTSE 100, the Nasdaq has continued to make new highs. John C Burford explains what this classic risk-on phenomenon says about market sentiment.

This week, major stock markets have been powering higher. Some markets have even reached new all-time highs. But not the FTSE 100.

As a measure of bullish enthusiasm for tech stocks, here is the Nasdaq:

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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.