NASDAQ closes at new highs, but without NDX (NASDAQ 100) and SOX (semi-conductors. There are some signs of distribution as NASDAQ advance/decline line stays negative most of yesterday and today. That could mean an imminent pullback, unless the SOX decides to take charge all of a sudden. SOX 511 level is still a tough one for that index and until we close above that, I am not too excited about this rally.
This entry was posted
on Tuesday, April 04, 2006 at 6:48 PM.
