NASDAQ Moves Higher, Dow And Russell Diverge

The NASDAQ moved higher today, continuing its breakout move. However, the DOW and Russell were down, followed by the S&P that was up slightly. Volume is still significantly low and breadth today was negative in all three Indices. Once again, while higher weighted stocks may be carrying the rally, it is unsustainable if the number of stocks in the index continue to trade lower. Eventually, they will drag the index lower.

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