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SEP 12, 2013 - Bespoke Investment Group

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Nasdaq 100 Breaks Out

Unlike the Homebuilder group, which is attempting to get out of a nasty downtrend, the Nasdaq 100 hit a new bull market high today.  The Nasdaq 100 is made up of the largest and most active non-financial stocks in the larger Nasdaq Composite index.  As shown below, the Nasdaq 100 pretty much managed to stay out of trouble throughout August even as other major indices like the S&P 500 and Dow Jones Industrial Average broke below their 50-day moving averages.  With this upside breakout to new highs today, momentum investors have to be bullish on the QQQs (the ETF that tracks ... Read More

Tags: Nasdaq 100 Breaks Out,  Sears Latest News