Don't Ignore This Chart!

Nasdaq outperformance accelerates

The Nasdaq has been outperforming the NY Composite since December and outperformance is accelerating. The green trendline defines the first rate of outperformance. The blue trendline, which is steeper, defines the second rate of outperformance. Also notice how the Nasdaq:NY Composite price relative shot higher in April.

100423comoq Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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