17 Dec 2021: Recap of Nasdaq 100 and my thoughts now

Beginning of this year 2021, I had a prediction that Nasdaq 100 will hit around 16,000 before correcting or see a meaningful adjustment. You may wish to take a quick look at this youtube video with the link as follows:-

Youtube video on Nasdaq 100's prediction:-

Since then, Nasdaq 100 future had hit 16,200 before coming down to around 15300 and then retest 16100 and coming down to around 15800 (all based on my memory) before retesting around 16800 and coming down to around 15800 and retesting 16100 then back down to 15800 and then 16450 and now at the level of around 15860...

(I have not went to check back the chart but rather this is based on my memory)

This price action certainly indicates that the bulls and bears of tech stocks are uncertain about how the interest rate hike is going to impact on growth stocks.

When uncertainty emerges and narratives over interest rate hike and growth stocks happen, this will sure happen. What would I do now?

Ultimately, pricing and valuation matter alot more these days and the back to basic valuation rather than narratives will sway price movements. I will continue to update my list of watchlist for good tech stocks. Ultimately, I am still a "buy" growth (companies with good balance sheet and already generating positive operating cashflow and profit). Should such companies come along at good discount where I can still play the long game, I will buy.

A support level that I will look at is whether Nasdaq 100 will find support at around 15300 to 15500.

As always, this should not be construed as any investment or trading advice.