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NASDAQ Stocks Offer Steep Discount After Cyber Monday Selloff: Bullish Analysts

“For instance: While NASDAQ stocks continued their steep sell-off for a second day Tuesday, the NASDAQ Arms Index actually dropped to 0.792” writes W E for ccn.com. American consumers bought $4.2 billion online on Thanksgiving, and $7.4 billion online on Black Friday.Cyber Monday also set a $9.4 billion online sales record.Despite the sell off in equities this week, volumetric market breadth readings look good for the stock market.On “Markets Now” Monday, Jim Cramer assured viewers that he doesn’t expect a repeat of last December: The stock market historically performs best in December.
 
Source: ccn.com



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