It’s finally happening, guys. We’re seeing the pullback that we’ve been talking about since late last year, and it’s starting with this Nasdaq correction in 2021.
Since COVID-19 broke out in March 2020, everything has gone bananas. The Nasdaq made a 103% move from March to February, and we’re finally coming off of it.
There are a lot of questions that come along with what the Nasdaq and the stock market as a whole are showing. Will it mean a bear market? That remains to be seen. Are we entering an inflationary period? Definitely. But, most importantly…
Should you buy the dip? That depends on your timeline and strategy. Are you looking to make a quick move? Or are you a long-term investor looking for some growth stocks in the Nasdaq?
We can’t answer that for you, but it’s important for you to know when looking at the Nasdaq correction in 2021.
Is the Nasdaq Correction in 2021 the Time To Make a Move?
First, we need to look at which companies make up the Nasdaq Composite. This is a very top-heavy index with big-name tech companies leading the way. With names like Apple Inc. (Nasdaq: AAPL) making up more than 11%. Microsoft Corp. (Nasdaq: MSFT) makes up 9%, followed by Amazon.com Inc. (Nasdaq: AMZN) and Tesla Inc. (Nasdaq: TSLA) making up 8% and 4%, respectively.
That’s a lot of big names involved in the Nasdaq correction. So what does that mean for you?
Let’s start with the biggest name on the list: Apple, the company with the strongest brand of any tech company we’ve ever seen. No other business has loyalists the way Apple does.
However, we’re seeing a lot of red flags in this company, some of which we talked about earlier this week. Apple hasn’t come out with anything new or revolutionary in years — and it’s a company founded on innovation.
WealthPress Senior Strategist Roger Scott is a student of what institutions are doing. He pays close attention to 13F filings, reports of what the top fund managers are holding. Apple, which used to be a hedge-fund darling, is non-existent in those.
But what about the rest?
Check out our video to see whether you should buy the dip on the Nasdaq correction in 2021.
As always, feel free to email your trading questions to jeff@joyofthetrade.com and make sure to stay ahead of the markets by subscribing to our YouTube channel. LFG, guys.
P.S. From 1993 to 2021, you would have lost 10% of your money buying and holding the S&P 500 during the day…
Yet if you’d bought at the close and sold again right at the open, anyone could’ve seen a 812% increase in their investments.
Where did all the gains come from? Overnight moves.
And I just revealed how he’s exploiting these overnight moves on a handful of stocks every single day.
