Markets held key levels on muted volume Thursday as money flowed into large-cap tech stocks, hiding some mediocre activity underneath the surface, but holding nonetheless. Net lows remain persistent, flipping back negative after just 2 days of positive readings in the last 23 sessions, despite the Nasdaq closing above the 21EMA for 19 sessions over the same period. Therein lies the current divergence.
The Next Market Leaders - 4/9
The Next Market Leaders - 4/9
The Next Market Leaders - 4/9
Markets held key levels on muted volume Thursday as money flowed into large-cap tech stocks, hiding some mediocre activity underneath the surface, but holding nonetheless. Net lows remain persistent, flipping back negative after just 2 days of positive readings in the last 23 sessions, despite the Nasdaq closing above the 21EMA for 19 sessions over the same period. Therein lies the current divergence.