The Nasdaq's Troops Are Faltering

I realize I have spent an inordinate amount of time fussing over the Nasdaq -- but, as a slave to my statistics, I cannot get this index's behavior out of my head. I'll sum up its performance last week by sharing with you what is now a very glaring divergence.

The Nasdaq gained almost 1% on the week, or about 30 points. Yet, if we add up volume minus down volume for that period, we find a net negative of 1 billion shares. C'mon folks -- this is not how a healthy market shows up statistics-wise. In fact, I ask you to go back to my columns in April, May and June, when I often highlighted inverse stats in the Nasdaq -- that is, net volume was quite positive, even as the Nasdaq was either red or flattish. As we know, the index proceeded to take off as the market leader this summer and into autumn....492 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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