Australia update III

The big money traders returned as the NASDAQ, semiconductor index, and Russell 2000, created breakouts on higher volume. This is the form of leadership from which bull markets are made. There was little change in the tech secondary indicators [$NASI, $NAA50 and $BPCOMPQ] with the $NASI holding off its 5-day EMA buy trigger. Large caps were little changed on the day, trading flat on lighter volume. Bulls are making a better fist of things than was attempted in December. Breakouts will have merit here although I am holding off the addition of fresh candidates until I return to Hawaii.

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