Replies to post #7815 on Short Term Trading Member Forum

[airedale88]

bliss, it could be in the cards. index action today was determined by the action of the component stocks. many INDU stocks had made their 20 wk lows before 1/24 and are pushing higher. thus INDU outperformed. stocks in other indices with 1/24 as their last 20 wk low are ready to go now after completing their 13/14 day cycle.
NDX continues to act like a narrow based sector fund rather than a broad market index. too many traders, accustomed to the late 90's when NDX/NASD was the place to be, are letting that sh1tty performance keep them looking for a bear market at any moment. NDX is the hook that is reeling them in IMO.