Tuesday 9/22/2026
Yes the NASD has made a new high. But the internals do not confirm that. Once again a handful of tech stocks are weighted by price or capitalization and move the market to a new high.
This is a chart of new highs minus new lows The NASD index, compq, is in the lower panel. The net high low measure is right where it was in late June, about zero. Yet the index is 1,000 points higher. Breadth is lacking.
No comments:
Post a Comment