Fans and friends of # the #LifecycleTrade and #IBDLive (@EBoboch@KGD_Investor@Top_Dog_102@IBDinvestors@IBD_JNielsen@IBD_CGessel@mwebster1971@AlissaCoram@IBD_DChung ) I thought the NASDAQ action on 11/20/2025 was so unusual that I wrote a TradeStation program to find all the days for the NASDAQ index when it opened with a gap as large or larger (gap of 2.18%) that closed with a loss that was as large or larger (-2.15%).
This only happened 3 other times. Here are the dates it happened since the beginning of the NASDAQ index:
10/12/2000, Opening Gap= + 2.30%, Closing Loss= -3.04%
12/13/2000, Opening Gap= + 2.21%, Closing Loss= -3.72%
10/14/2008, Opening Gap= + 2.72%, Closing Loss= -3.54%
11/20/2025, Opening Gap= + 2.18%, Closing Loss= -2.15%
What if you look at those dates and the subsequent market action after those dates?
Spoiler alert: It wasn't the bottom.
After 10/12/2000, there was a short rally then it rolled over.
After 12/13/2000, the index kept falling
After 10/14/2008, it was choppy trading but kept falling.
If you expand the search a little to include gaps up of 2% or more, and losses of 2% or more, only one more day shows up: 4/8/2025, Opening gap +3.70%, Closing loss -2.15%. This was the day of the tariff tantrum and proved to be near the bottom.
Unlike yesterday, April 8 action was news driven. We'll see what happens next, but I expect this is not a short-term bottom.
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