Half day today. Still don’t know why they have these days.
We told you yesterday that the NASDAQ/NDX were again holding the 50 day average. This led to a strong close…which is now leading to a pre-holiday strong gap. Simple as that. For this second, the leading areas held right where they needed to. This does not change the overall big picture that more than 50% of the market aint happening. But for now, a good hold. Check out the charts of the NASDAQ/NDX and the Russell…and while you are at it, look where AAPL, MSFT held. Same place!