The whipsaw day of Thursday was obviously offset by Friday, breaking the indexes backup above the T-line. The NASDAQ has shown consistent strength today even when the Dow and S&P 500 were waffling near the breakeven level. The slow/steady buying today reveals contemplated strength versus any exuberant buying.
January 7th Daily Market Comments
The whipsaw day of Thursday was obviously offset by Friday, breaking the indexes backup above the T-line. The NASDAQ has shown consistent strength today even when the Dow and S&P 500 were waffling near the breakeven level. The slow/steady buying today reveals contemplated strength versus any exuberant buying.