Monday, August 11, 2008

NASDAQ Continues To Show Strength



I've been writing lately about the strength I've been seeing in the NASDAQ compared to the Dow and S&P.

In the chart above of the NASDAQ you'll notice in the lower panel a ratio line of the NASDAQ vs the S&P. A rising ratio line means the NASDAQ is outperforming the S&P500. What I find interesting is that this ratio line is at its highest level that we've seen over the past year. If the NASDAQ's strength can continue long enough to to push this ratio to new highs it can be quite bullish for tech stocks.

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