The tech-laden NASDAQ 100 showed considerable relative strength prior to the market bottom in March 2009. Should the NDX:SPX relative ratio break above 1.625, I believe it could lead to additional market strength.
-Tom Bowley
-Tom Bowley
Join Tom and the Invested Central Team at www.investedcentral.com. Invested Central is an education-first stock trading service that provides its members with their flagship product - the Daily Market Report, intraday stock and ETF alerts, and LIVE chats 4 times a week, among other features.
About the author:
Tom Bowley is the Chief Market Strategist of EarningsBeats.com, a company providing a research and educational platform for both investment professionals and individual investors. Tom writes a comprehensive Daily Market Report (DMR), providing guidance to EB.com members every day that the stock market is open. Tom has contributed technical expertise here at StockCharts.com since 2006 and has a fundamental background in public accounting as well, blending a unique skill set to approach the U.S. stock market.
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