QQEW, Nasdaq 100 (Advance-Decline, inset)
Technology stocks have been the undisputed leader of the 2019 stock-market rally. Indeed, the is now within reach of its all-time high set late last summer.
And that’s pretty bullish for this market-leading index.
It Gets Better
In today’s chart, we look at both the (NASDAQ:) and the Nasdaq 100 Advance-Decline line (advancing vs. declining stocks).
The charts are bullish in both cases. The Equal Weight Index is breaking out and the A-D line is at all-time highs.
The Tech sector looks to be sending a positive message with these two big-time tech indexes hitting their highs together.
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