Stock Follow-Through From Fed Announcement

The Stock Indices surged today with the NASDAQ leading the way. However, the Dow Industrials diverged and actually closed lower. It will be interesting to see how that divergence is reconciled. The NYSE is overbought with a slight divergence in the internals. The NASDAQ is extremely overbought with a slightly lower divergence. If the follow-through continues tomorrow, monitor breadth carefully. If it does not strengthen, expect some type of pause.

Leave a Reply

Your email address will not be published. Required fields are marked *