Thursday, August 06, 2009

Who is the strongest here?

Many analysts have pointed out that Tech sector led this rally. Although I don't deny it, there are many factors telling us that NASDAQ is getting weaker and probably will lead the correction down. In such a case we should focus our attention on that sector as a leading and important indicator. With that in mind I gathered some market internal charts to show you later on and that will be useful to monitor the corrections that may be already on their way.
Here is a simple comparison between NYA and COMPQ's Summation Indices (extended market breadth indicator) that reveal who is showing more strength

NYA



COMPQ


to be continued....

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