Long term Nasdaq chart is still rangebound. But the Nasdaq
“gap ups” as a percentage of all gaps remains bullish.

Nasdaq Gap Ups / AAII Sentiment

Gaps_sentiment_nasdaq

Source: Technimentals

Meanwhile, AAII sentiment is strong without being
excessively so. This needs to go much higher to give a bearish signal.

>

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Quote of the Day: 

“The possession of gold has ruined fewer men than the lack
of it.”
-Thomas Bailey Aldridge

Category: Markets

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.

2 Responses to “Chart of the Week: Nasdaq Gap Ups / AAII Sentiment”

  1. nate says:

    it might interesting to look into specific companies that are driving the Nasdaq=

    what have been the ytd big movers in the nasdaq?

  2. TonytheTiger says:

    The only thing driving the Nas is demand. The Nas, S&P and Dow follow in unison. Different companies, different sectors, it doesn’t matter……just plain ole demand.