T/A ETF AND INDEX

[capt_jmj]

Two successive days down on the NDX and showing some short term topping action, but the lower uptrend line is ~ 20 pts lower and thus still intact. NDX typically *leads* the broader market up *and* down. Today may simply have been a cash out day to make repo coupon payments. Except for the AM runup, NDX is a whopping 10 pts below the open.