Chart of the Day - Thursday, July 21st, 2022
July 21, 2022
Today’s Chart of the Day was shared by Mark Minervini (@markminervini). Its a chart of the Nasdaq Composite, throughout the bursting of the dot com bubble. The Nasdaq has bounced about 13% from its lows in recent weeks. However, it's still in a bear market, down about 25% from its highs. Mark reminds us that bear market rallies can be seductive, but dangerous. As you can see, the Nasdaq had several double-digit rallies in the process of losing nearly 80% of its value overall.