The NASDAQ Composite Index broke a five-day winning streak yesterday with a big outside reversal into the red. As is typically the case in this market, however, what the market does on any given day is not necessarily a solid predictor of what it will do the next.
That was the case today as the indexes all gapped higher at the open. After some gyrations earlier in the day, the indexes all posted another up day with the NASDAQ Composite posting a closing high on lighter volume.
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