Mike
02-28-2012, 11:16 AM
Today's NASDAQ highs took out the stall-distribution day that happened on 1/31/2012 by going more than 6% above the close of that day. This drops the distribution count to 1 in a trailing 25-day window. That lone distribution day occured 9 days ago on 2/15/2012. The NASDAQ would have to rise 3.5% to 3090 to wipe that day out. We are still on track for a Power Trend after Monday's close. Today will mark 47 days with the NASDAQ closing above the 10-day moving average, a very long streak.
Unless we see a really big sell off, the buy switch will remain on for an extended time in the future.
PCLN has a buyable gap up today.
Unless we see a really big sell off, the buy switch will remain on for an extended time in the future.
PCLN has a buyable gap up today.