Mega-cap tech stocks led Wall Street higher overnight after it was revealed that Elon Musk had purchased a 9.2% stake in Twitter (TWTR). The stock rallied as much as 31% by the day’s high and its daily trading volume hit a record high of 269.21 million shares and found support above its 200-day eMA.
In today’s video we update our analysis on the Nasdaq 100 daily chart, and discuss trading activity using traditional volume, advance-decline volume and on-balance volume (OBV).
Nasdaq 100 trading guide
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