The trend remains up, as dips continue to be bought; Support has held (see black arrows).

3 Year Nasdaq Weekly Chart
Nasdaq Comp weekly.gif
Source: RedTech Research

RedTech Research observes that “Internals are not as stellar as they once were but we have sighted that divergences in internals (slower moving data series) and price can continue for sometime.” That suggests the “easy money has been made off the lows” and more selectivity will soon creep in – so long as there are no drastic changes in the Technicals.

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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