A Handful of Indicators Perking Up
Since I am prone to complaining, let me get that out of the way as far as my thoughts on the rally are concerned. Over on the Nasdaq, where supposedly all the action was due to beloved Apple (AAPL), the index rallied 68 points. Two days ago it lost 30 points. That makes for a net gain of 38 points.
Now let's do the same exercise with Nasdaq volume. Two days ago, net volume was a net negative 1.15 billion shares. It was a net positive 1.128 billion shares on Wednesday's big rise. That math says that, for those two trading days ,the net number for "breadth," or volume, was a loss of 22 million shares. That might not sound like a lot, but what it tells us is that the index may have regained what it lost and more, but the average stock has not. If you're bullish, you want to see better breadth on the rallies....423 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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