Today’s market sell-off presented a great opportunity to me because I’m trying to build a reputation as a data analyst and a business consultant to give you some free insight. I am Index Futures trader, and it just so happens that I practice my data science chops on daily stock market data. I have years and years of statistics and data collected on the market and so I can use this data to help you understand today’s sell-off.
So how bad was today’s sell-off in the NASDAQ?
In a word, BAD!
According to CNBC, the NASDAQ dropped by a whopping 2.6%
That makes today the 4th worst day in the past 291 days.
The 5-day period starting January 11th, 2022 was worse than 96.2% of the 5-day periods in the past 287 days.
And the 10-Day period beginning January 4th, 2022 was the 3rd worst out a possible 282 choices you could have picked since November 20, 2020.
Diclosure: I am long NASDAQ futures and options on NASDAQ futures
Disclaimer: I am just a data scientist. I am not a stock broker. Do not use any of this information to buy or sell any commodities.