NASDAQ A/D Strong

04/10/2009 9:43 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

The advance/decline numbers for the NASDAQ have been even stronger than those on the NYSE. The McClellan Summation Index formed a strong bullish divergence and rose above its WMA on March 18. It has now moved through long-term resistance going back to 2007. The NASDAQ has next strong resistance in the 1800 area.

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