Lately, everyone is panicking because new AI from Anthropic might replace traditional software companies. This fear caused tech stocks to crash. But while others are panic selling, I started to nibble. I think the market is overreacting, putting great companies "on sale." I have started to add on QQQ Etf to my portfolio. Below I will share the reason why.
The program confirms exactly why I’m stepping in to buy while others are selling. If you look at the far right of the graph, you’ll see a cluster of green dots. These are automated 'buy signals' that appear from the program when it detects that the market has gotten "exhausted" from selling.
Right now, the price has dropped all the way to near to -2SD line (the bottom red dashed line). In simple terms, this means the QQQ is trading at a statistical extreme—it is deeply "on sale" relative to its long-term trend....