Forbes -
7 Apr 2014 22:36

The week ended on a truly ugly note as after making new highs early, the averages reversed to close the day lower. The PowerShares QQQ Trust (QQQ) was down 2.66% on the day with the iShares Nasdaq Biotechnology (IBB) losing just over 4%. It is now down 0.78% for the year while the QQQ is down 1.17%. Normally, such a daily reversal would be consistent with a significant top but the very recent new highs in the NYSE Advance/Decline, as well as the S&P 500 A/D line, suggest this is not the case. Th...
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