Chart of the Week: Nasdaq Gap Ups / AAII Sentiment

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

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What's been said:

Discussions found on the web:
  1. nate commented on Nov 23

    it might interesting to look into specific companies that are driving the Nasdaq=

    what have been the ytd big movers in the nasdaq?

  2. TonytheTiger commented on Dec 6

    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.

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