Nasdaq 100 Piles on the Gains
It was another week of strong gains for the market, but it was the Nasdaq 100 which has really shone since the start of the year. The Nasdaq 100 now sits 11.8% above its 200-day MA, with all technicals firmly in the green. The +DI line is at an extreme which is often associated with a reversal, although these reversals can be brief, as it was in November.