Tuesday, March 29, 2011

All About Qtr's End

With the Tick index stinking so bad....
it's obvious there's no breadth to the market, therefore the gains are being accomplished by juicing select, heavily weighted stocks. For the NASDAQ, the answer is simple, AAPL represents nearly 20% of the NASDAQ's weight so AAPL is being used to juice the NASDAQ 100. I haven't had time to look for what's being used for the Dow and S&P, but the Tick chart makes it obvious that it's not broad market strength, it's select stocks and the market is being juiced as I talked about earlier today for 1 simple reason, Quarter End Results to avoid redemptions. The Quarter ends tomorrow.

No comments: