Market Has Pre-Explosive Look and Feel
For several days over the past week the Nasdaq has been out-performing the Dow and S&P 500 significantly…up twice the percentage move or better. Although the Dow is not at 52 week highs it still has the pattern of a potentially bullish mover. The QQQQ has hit 52 week highs for the past 3 days.
I mentioned AMZN as a fabulous options player in my blog last week (Maximize401k.wordpress.com). There are also other strong players we have been relying on as option trading vehicles such as GMCR, AAPL.
Disclosure: Long GMCR, AAPL, AMZN