BIGFOOTCHARTS ^NDX vs ^IXIC Mid to LongTerm; ( NDX is over IXIC when bullish ) These should update. Click on previuos message to see short term 1&5 day charts One Year
6 months
3 months
-- The NDX is more volatile than the nasd ( ^ixic ) and goes up faster in a bull market I use to give that to all the "index funds" having inflow/outflow and having to buy/sell more of the big caps in a weighted index. Recently I have come to believe that some of the spikes in the NDX vs the IXIC is to some extent because more shorts are playing more of the NDX stocks than the IXIC .. ---- NOTE the set up for a down turn is harder to call than an upturn, but particularly watch "IF" the ^IXIC out runs the NDX a lot ( during an up trend ) When this happens the thinner float stocks are getting over bought and the market is running "thin legs" ---- When the NDX is the strong one, then the market has stronger legs. Jim
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.