Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Nasdaq Outperformance Expanding


Continuing our "theme" of Nasdaq outperformance... such is the case this morning, with the ratio expanding in favor of the NDX (1.312 vs. the SPX-- a new recovery high)... but once again, it is directional polarity that is the intriguing factor. The indices in general, and the NDX in particular have recovered much of yest.'s Google Debacle, and in so doing, the technology sector is outperforming the large cap S&P... Be that as it may, if technology continues to outperform, then the SMH should be in the forefront of such a move (I would suspect)... With that in mind, let's take a look...

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his Macro Trading Charts. Or try his QQQ Trading Charts or his E-mini S&P 500 Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!