Long term Nasdaq chart is still rangebound. But the Nasdaq
“gap ups” as a percentage of all gaps remains bullish.
Nasdaq Gap Ups / AAII Sentiment
Source: Technimentals
Meanwhile, AAII sentiment is strong without being
excessively so. This needs to go much higher to give a bearish signal.
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Quote of the Day:
“The possession of gold has ruined fewer men than the lack
of it.”
–Thomas Bailey Aldridge
it might interesting to look into specific companies that are driving the Nasdaq=
what have been the ytd big movers in the nasdaq?
The only thing driving the Nas is demand. The Nas, S&P and Dow follow in unison. Different companies, different sectors, it doesn’t matter……just plain ole demand.