Monday, January 21, 2013

Continue Higher

The market continues to head higher. The DJT and the DJI are confirming on the 52 weeks basis. The SP500 also continue to make new 52 weeks high as the Russell 2000 making new all time high. The only index that is lagging is the Nasdaq 100. AAPL is the big factor that is holding the NDX down. The NDX could move higher if AAPL & GOOG react favorably after reporting their earnings this week.

Here is a one year closing chart for the indices. As the chart shows, the NDX is still a distance below its 52 weeks high.

(Click chart to enlarge)



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