The Nasdaq underperformed the NY Composite ($NYA) from September to January as the $COMPQ:$NYA ratio plunged for five months (yellow area). The ratio stabilized over the last few months, but the Nasdaq did not start outperforming until this week when the ratio broke above its January high. The Nasdaq is now leading the NY Composite this year.
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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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