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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (18417)	10/4/2016 7:54:57 AM
From: John Pitera	1 Recommendation Recommended By mary-ally-smith Respond to of 33421

I think it's pretty easy to make an argument that the NASD looks even more bullish than the SPX The Nasd is above its highs from last Nov and Dec. -- it is also above it's 21, 50 and 200 dma. --- the slope of the 200 DMA has turned back up. And the earnings of NVDA, GOOGL, AMZN a number of other chip companies and companies involved in Machine Learning, AI and Deeper Learning are all global growth areas. The 20 year monthly chart has a 20 year break out of the March 2000 high and the latest monthly bar on the equivolume is showing nice volume and has also right up to the top of the Bollinger band. and as we can see it's right in the middle of it's uptrend line. that's all pretty positive. the RSI divergence is a little troubling however that can be worked off as the we get to 2017 JP