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March 29, 2006

It's Been Confirmed - Nasdaq Breakout

It's official, the Nasdaq has joined the breakout party enjoyed by both the Dow and the S&P over the past couple weeks...and it did so in impressive fashion as volume rose considerably higher than the day before.  If there was one area of concern, it was the lack of volume behind the advancing stocks in the SelfInvestors Leading Stock Index (the stats can be seen on the right there).  However, this is a big step towards a sustained breakout in the market... now lets see if the old resistance can be a new found source of support (another bullish indicator).  A few more moves like we had today and maybe the real estate speculators will continue to move money into the market!

32906_naz

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