NASDAQ At The Top Of Its 5 Month Trading Range

If you look at the above chart of the NASDAQ you will see that this index has gone nowhere for the past 5 months. Looking back at my trading so far this year, I've done very little trading in NASDAQ stocks. These are not the stocks to be focused on.

If the Q's can breakout out of this range, maybe these stocks will begin to trend, but until then I'm leaving them alone.

Being that the NASDAQ is at the top of its range, I'll just watch the Q's for either a breakout or a failure. I'll let the market tell me what to do, but so far I'm not impressed with this rally.