Monday, August 3, 2009

Pre-Open Update update

FYI

  • Q's are not above Thursdays high

  • Dow is leading rally by remaining above Thursdays high

  • S&P's are currently testing Thursdays high



What does this mean you ask? If the Q's, which can be perceived as the speculative interest in the market (Q's are the Mini NASDAQ ie. the 100 largest NASDAQ companies)are the laggards and the DOW which is the 30 largest companies and usually the most risk averse is the leader of this rally this A.M. Then consider me suspicious.

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