NASDAQ Leads The Way Higher

Stocks were up again today as the NASDAQ continues to lead the dow and S&P. If you look at the above chart you will see in the lower pane the NASDAQ vs the S&P and the NASDAQ vs the Dow. As you can see this line has been rising since late MAY which indicates that the NASDAQ is outperforming both the dow and S&P.

In the chart below we take a look at the NASDAQ 100 vs the NASDAQ Composite. This ratio line has been rising since June and it tells us that the NASDAQ 100 is outperforming the composite. In other words, it is the large cap NASDAQ stocks that are showing the most strength.