May 2, 2017

Nasdaq appears to be getting overbought

With the Nasdaq near all time highs, could now be the time to be wary ?

Doug Kass says he is watching the near term action on the Nasdaq. He intends to sell the Nasdaq more aggressively if the Index shows pricing weakness. He writes on thestreet, 
"The key to me is the Nasdaq, and I am laser-fixed on the near-term action of that Index. I will continue to probe on the short side, taking baby steps".