Nasdaq Outperformance Expanding - Market Analysis for Mar 1st, 2006

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...

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