Update on COMP: Jun 30, 2015

In last quarter’s update on COMP, we suggested its immediate upside potential was to the 2000 top at 5132 [see: Mar 23 Update.]  The timing looked like late May.

2015-0323 COMP daily 1300

All it took was a Fed president hinting at additional QE, and the BOJ greatly expanding their already enormous QQE.  After a close call on Apr 27, the actual tag occurred Jun 18 — a little over 15 years after the previous bubble popped.

2015-06-30 COMP wkly 1130Will those who rode the NASDAQ down nearly 80% be interested in sticking around now that they’re back to even?  Will new money find its way to this, the most volatile sector during the two previous crashes?

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