Very odd..nasdaq reboudning faster than S&P and Dow

Discussion in 'Trading' started by stock_trad3r, Jun 28, 2007.

  1. the past few weeks there has been a a lot of volatility in the markets and the dow and s&p have fallen to the same levels they were at six weeks ago.

    Oddly enough, the nasdaq seems to have rebounded almost comepleley and is just a dozen points form a 52 week high while the dow has 100's of points to go and the S&P is still lagging.

    usually when the market sells off the Nasdaq gets hit the hardest, but now it looks like the S&P and Dow are taking the brunt of the recent selling.

    Odd. During 2000 selloff the nasdaq got creamed but the dow and S7P held up much better.

    I suspect is has to do wit the post Feb 27th rally. The Dow and s&p made more ground on the cheap dollar and now the market is giving the nasdaq favorism instead.
  2. I always 'hoped' that all the negative posts about you were unfounded. Today I have to join them and sadly conclude that everything that has been said is true.
  3. just look at the charts

    the S&P and DOW are 2.50% off 52 weeks highs while the nasdaq is only off by .6%
  4. upgrades in tech sector.
  5. looks like a pairtrading candidate
  6. S2007S


    There was really no need to upgrade CSCO or INTC today.