Thursday, June 5, 2008

NQ100 Strength

NQ100 keeps putting the pressure on the bears with moderate pricing and occasional upside runs.
It will have to drag the DJI and less so the SP500 to get rallies over 12800 and 1423 respectively. The DJ Transportation Index continues to dance between double top or break out. Dow Theorists have a strong track record of confirming bottoms as the transportation sector many time does lead the broader indexes higher. All of this is leading to a volatile day tomorrow when the markets get a look at the unemployment data.