|
NASDAQ has been relatively stronger than NYSE by many measures, however
NYSE is still looking good on its own (see attached charts). Both are quite
extended here but there should be more to upside. However, as I keep saying,
risks are elevated, especially as viewed in credit spreads.
----- Original Message -----
Sent: Sunday, May 22, 2005 9:51 PM
Subject: [RT] nyse/sp500
|
As the S&P and NASDAQ look
promising, one has to wonder why the NYA Index that is heavily
traded
by Institutions is not making the same kind of movement.
Are Institutions behind this move or not?
Note that the index has
not moved up to a recent new high level and remains in a trading
range. Also
note that Friday's close was below its upper
resistance line and this is divergent from what some of
the other
indexes are doing.
![]()
|
|
No virus found in this outgoing message.
Checked by AVG
Anti-Virus.
Version: 7.0.322 / Virus Database: 266.11.15 - Release Date:
5/22/2005
|
