For understandable reasons, the dominating story of late has been the “trading range” the major equity markets have been in for the past few months. The Nasdaq 100 though looks to be uncomfortable with the range…
The Nasdaq 100 is up over 7% more than the 500 index over the past 12 months. The upside breakout confirms the NDX remains a relative strength leader compared to the S&P 500 index.
Mike,
Great point Mike per how important Apple is! Apple has broken out if its own sideways channel of late.
Chris…isn’t this strength pretty much a result of Apple being in the Nasdaq 100? And without Apple, it would be pretty much where the S&P is? Would the correct buy, then, be Apple?