Tech Stock Indices: Do Bulls Have A Problem?

Tech Stock Indices: Do Bulls Have A Problem?

Tech stocks continue to lead the market higher, with the Nasdaq Composite and Nasdaq 100 recording intra-day all-time highs. BUT something isn’t right beneath the surface. And it could be a rally killer. I emphasize “could”. The 12-year bull market has been lead by...
Tech index facing must hold support test!

Tech index facing must hold support test!

CLICK ON CHART TO ENLARGE This chart looks at the Nasdaq Composite Index over the past 22-years on a monthly basis. The chart highlights that the index has spent the majority of the past 18-years inside of rising channel (1). The rally off the 2009 lows hit the top of...
Tech bulls concerned if this support breaks!

Tech bulls concerned if this support breaks!

CLICK ON CHART TO ENLARGE This chart looks at the Nasdaq Composite Index over the past 20-years. The index has spent the majority of the past 18-years inside of rising channel (1). The trend is clearly up as the index is very near all-time highs and nothing of late...