NAZ/NDX feels as if its hanging on the edge of a cliff. If the cavalry is coming it had better show up soon.
If I were a trader who went by feelings, I would go short about now. Then again, the markets make mincemeat out of people who trade by feel.
Looks like semiconductors the place to be today Steve, hope you have at least a little exposure.
Nasdaq internals showing a divergence. Issues (A/D line) decidedly bearish. Volume favors the advancers. Do not know why? Maybe semiconductors are getting bought up heavily sufficient to keep the NAZ afloat? Was there good SOX news today??
Total volume seems to be tracking a little heavier than we've seen recently.
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