NASDAQ Still Strongest

07/16/2009 10:15 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The major averages have completed their continuation patterns, suggesting that the uptrend has resumed. Since March, we have tagged the NASDAQ and tech sector as leaders, which they still are. The strong A/D numbers on Tuesday hinted at Wednesday's big upward action with the A/D line close to a breakout. Expect a one- to two-day pullback in the next week.

Related Articles on STRATEGIES