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NASDAQ Powers up, Leads Stocks Higher

May 16, 2008

And on the second day the NASDAQ takes out its 200dma with increased volume. Not only was volume higher than the previous day but it was also higher than its 50dma. This is an important development as of late for the stock market. There is no question that the NASDAQ is leading us higher and its where the Big Winners are at the moment. Price and volume since the follow through day have had us pointed higher. I still believe that there are many Institutional players on the sidelines … [visit site to read more]

NASDAQ Powers up, Leads Stocks Higher

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