The Qs are cracking the downtrend line from off of the all-time high. First, in a series of steps to revisiting that old high. Point of Control, a few horizontal levels of resistance and a Fibonacci test of $55 are the next hurdles for the Qs.
I still believe that growth/small/mid cap. types of equities will continue to lead the smokestacks. 1Y returns NAZ up 57% SPX 25%
The NASDAQ is in the same basement of "off of the all-time high" as is Japan. Japan is quietly celebrating 20 years since it set its record peak. Japan and NASDAQ go hand in hand. buy one, buy both.
Kevin B. Bantz
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