NASDAQ leads, NYSE and S&P500 Indexes Lag Behind
April 30, 2008
A positive day all around for those who are long stocks. Bears were unable to push stocks lower for a third consecutive day. Instead the NASDAQ rallied hard on higher volume, a positive sign. An even better sign was that volume nudged slightly higher than its 50dma. It is certainly and indicator that institutional buying may be in the works. With that said, the NASDAQ Volume 50dma is on the downslope interpreting that its largely institutional buying is premature. However, it is a start, … [visit site to read more]
NASDAQ leads, NYSE and S&P500 Indexes Lag Behind
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