With a little help from Google (and Apple), the Nasdaq 100 surged above the April high this week to record a new 52-week high. Large techs are showing relative strength as one of the first groups to break this high. Google broke out of a long channel in mid September and the January high marks the next resistance area.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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.
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