NASDAQ Internals Point Higher

03/23/2010 9:08 am EST


Thomas Aspray

, Professional Trader & Analyst

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The McClellan Oscillators on both the NYSE and NASDAQ have turned up from the zero line, which is an encouraging sign. The NASDAQ continues to outperform the S&P 500 as it is up 14% from the February lows, while the S&P 500 is up just 11.7%. The NASDAQ A/D line is still in a solid uptrend but has not yet moved above the October 2009 highs. No divergences yet in the McClellan Oscillators with the next upside targets at 2450-80 and then just below 2600.

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