MIDDAY TECH
The strongest major index today- clearly the NDX- as the QLD is higher by almost 1% while all the other major indexes are lower.
Internals on the NDX- also green with about 60+ led by INFY HANS MCHP WFMI CTSH BIDU VRTX APOL and SBUX. Most of big cap tech also higher led by SMH AAPL BIDU GOOG RIMM and YHOO.
Energy and metals trading ugly with the OIH down about 3% and gold down 2%+.
GS also acting very well in light of crummy financials as it trades near the flat line.
Internals on the NDX- also green with about 60+ led by INFY HANS MCHP WFMI CTSH BIDU VRTX APOL and SBUX. Most of big cap tech also higher led by SMH AAPL BIDU GOOG RIMM and YHOO.
Energy and metals trading ugly with the OIH down about 3% and gold down 2%+.
GS also acting very well in light of crummy financials as it trades near the flat line.
posted by DAVID at
1:24 PM
2 Comments:
Ya look at most money outflow on strength... QQQ and QLD are among the top... Yesterday QQQ was #1 on the sell on strength list! And then looking at new high/low ratio, nasdaq has way more new low then high every day for past weeks! looking at today, so far, new low is 42 while new high is only 19! Last week the new low were in the hundreds in a day while new high is in the low double digit... And you guys think tech is going to lead??
Just know what I see- NQ futures up .8% while ES futures -.3% - which index do you see leading of late- INDEX?
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