Wednesday, April 18, 2012

NDX100 finds support @ the 50day SMA.

NDX100 & McClellan Oscillator: Close 04/17/2012

Post Monday Morning 'blues' with AAPL (21/29 NDX100 points decline), the NDX bounces back strongly - respecting the 50 day SMA.
Interestingly the McClellan is back @ the Zero line: Above and it's back to test the highs, Failure here and below the 50day likely.
Note: USDollar Index nor Commodities 'joined' in the IMF 'celebration' rally.
Why not?