The market has a bit of a bifurcated flavor here as we see short-sale opportunities crop up in certain individual stocks. But, the primary index trend remains to the upside, and the long side of this market is still driven by the theme of “stocks are the new bonds.” The other strong theme here is the idea of buying stocks after earnings if an opportunistic set-up arises, and there have been a few of those to speak of as well.
The NASDAQ Composite Index posted a new all-time closing high today on lighter, but above-average volume. The trend remains to the upside.
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